UPDATE: Citi Trends Reports Wider-Than-Expected Q2 Loss

Citi Trends Inc CTRN reported a wider-than-expected loss in its fiscal second-quarter. Citi Trends reported a quarterly net loss at $10 million, or $0.69 per share, versus a loss of $567,000, or $0.04 per share, in the year-ago period. Its revenue climbed 0.9% y/y to $130.2 million from $129 million. However, analysts were expected a loss of $0.64 per share on revenue of $130.9 million. Citi Trends' revenue in stores open at least one year dipped 11.9%. Citi Trends shares closed at $12.37 yesterday.