Citi Trends (CTRN) is exposed to continuing macroeconomic headwinds, which is adversely affecting its performance. The company recorded a 12.4% decline in same-store sales during fiscal 2009 second quarter, while its store expansion efforts dragged down operating results.

Moreover, intense competition from other off-price retailers, mass merchants and smaller players is exerting immense pressure on the company s profitability. These factors severely undermine the company’s future growth prospects and sustainability.

Our recommendation for the company is Underperform, as we anticipate it to perform well below the broader market.

Zacks Investment Research
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