Citi Trends reported a 14.4% year-over-year sales increase to $230.9 million in Q1 2026, marking its 21st consecutive month of growth. Comparable store sales rose 13.9%, driven by more customers, bigger purchases, and better merchandising. Net income jumped to $7.8 million from $0.9 million a year earlier, with adjusted EBITDA more than doubling. The retailer plans to open 25 new stores in 2026 and accelerate to about 40 new stores in 2027, supported by strong performance in new locations and ongoing consumer demand for value-priced goods amid economic uncertainty.
Nike's Chief Operating Officer, Alagirisamy Venkatesh, has sold 3,671 shares of the company's stock. Insider sales like this can indicate personal financial decisions or portfolio adjustments but do not necessarily reflect the company's overall healt...
Snap Inc., owner of Snapchat, saw its global monthly active users grow 4% to 971 million, but North American users declined, signaling a concern. Revenue increased 19% year-over-year to nearly $1.6 billion, with improved average revenue per user and ...
Oracle founder Larry Ellison has adopted a Rule 10b5-1 trading plan allowing him to sell up to 50 million shares, potentially worth $7.5 billion at current prices. This is notable as Ellison rarely sells large stakes, typically relying on borrowing f...
Revolut confirmed that fraudsters used a legitimate government email domain to trick the platform into releasing sensitive customer data, including passports, verification selfies, addresses, and Bitcoin transaction histories. Although Revolut says c...
Ethereum surged from $2,437 to $2,667 on September 11, liquidating $211 million in short positions, driven by a CPI report showing 3.4% inflation. However, the price quickly fell back below the $2,500 resistance level, suggesting the breakout was a l...
