Citi Trends, Inc. (NASDAQ:CTRN) shares are trading lower in the premarket session on Tuesday after reporting mixed first-quarter results and revised full year 2024 outlook. The company reported quarterly sales of $186.3 million, which increased by 3.7% year over year. However, sales missed the Wall Street view of $187.37 million. Citi Trends closed three stores and remodeled 20 stores to end the quarter with 599 locations. “We are mindful of the challenging economic environment for the lower-income consumer,” said Interim Chief Executive Officer Ken Seipel. The company registered comparable sales growth of 3.1%, with gross margin at 38.7%. “The quarter was further highlighted ...