This presentation contains “forward-looking statements” within the

meaning of the federal securities laws and is intended to qualify for the
Safe Harbor from liability established by the Private Securities Litigation
Reform Act of 1995, including statements regarding expected sales, the
outlook for Citi Trends’ markets and the demand for its products. These
projections and statements are based on management’s estimates and
assumptions with respect to future events and financial performance
and are believed to be reasonable, though are inherently uncertain
and difficult to predict. Actual results could differ materially from those
projected as a result of certain factors. A discussion of factors that could
cause results to vary is included in the section entitled “Risk Factors” in
the Company’s most recent Annual Report on Form 10-K filed with the
Securities and Exchange Commission.

2
 • Retailer of value-priced, urban fashion apparel and accessories
• 549 stores in 31 states

• Large customer base focused on trend-setting fashions at a value

• Differentiated apparel & non-apparel for the entire family

• Current fashions and brands that are 20% to 70% below mall and
specialty store prices

• A degree of insulation against e-commerce

3
 • Win ladies apparel
– Active initiative to upgrade fashion content of ladies apparel in order to become
a fashion destination for the Company’s core female customerses
• Improve merchandise planning and allocation systems to drive higher sales, gross
margin and inventory turns
– Implemented a new merchandise planning system in 2014-2015, which allowed
inventory planning by class, weather zone and store, by season and by month
– Began implementing enhancements in mid-2017 to planning and allocation
systems to allow ranking of each store at either the merchandise division,
department or class level
• Continue to expand sales of non-apparel categories: Accessories and Home
targeting a merchandise mix that is 50% apparel and 50% non-apparel
• Open additional new stores with high returns on capital

4
 Net Sales* • Value-priced apparel
Ladies’
24%
• Growth in non-apparel
Home
5%
• Destination focus
• Differentiated from
competitors

Children's
Accessories 23%
31%

Men's
17%

* Fiscal 2016

5
6
 Our strategy to grow sales of the non-apparel categories of accessories (including footwear) and home
products has contributed positively to revenue growth and diversification

Accessories & Home ($ in millions)

$300 70%
$250
$250 $232 60%
$219
$181 50%
$200
$166 40%
$150 $134
36% 30%
33% 34%
$100 29%
25% 20%
$50 21%
10%
$0 0%
2011 2012 2013 2014 2015 2016

Accessories & Home Sales Accessories & Home Sales - % of Total

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 Our merchandising strategies have been a vital factor in driving significant increases in
total customer transactions and units sold, as well as improving gross margins
significantly due to reduced markdowns

Customer Transactions & Total Units Sold (mm) Gross Margin and Markdown Trends
100.0 40.0%
95.0 39.0%
95.0 33.5 23.0% 38.4% 39.0%
90.0 87.6 31.5
84.8 37.6% 38.0%
85.0 29.5
36.6% 37.0%
80.0 77.3 18.0%
75.6 27.5 16.6%
75.0 36.0%
25.5
70.0 25.9 34.8% 13.6%
25.1 35.0%
24.5 23.5
65.0 13.0%
11.4% 34.0%
22.4 21.5
60.0 22.3 10.2% 10.0%
19.5 33.0%
55.0

50.0 17.5 8.0% 32.0%

2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Unit Sales Customer Transactions Markdowns Gross Margin

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 • 4% Comparable Store Sales Increase – YTD Q3
• All 5 merchandise categories are up the last two quarters (only twice in
previous 25 quarters)
• Ladies’ apparel comps by quarter - Q1: Flat; Q2: +4%; Q3: +6%
• Home category continues to grow rapidly (increases in 23 of past 25
quarters; the last 17 quarters have been double-digit increases)
• Accessories continue to grow rapidly (increases in 23 of past 25
quarters)
• Number of customer transactions & units per transaction expected to
increase for 6th consecutive year
• Average unit retail up in Q3 after increasing just once in 25 quarters
• 90 basis points of expense leverage (adjusted for proxy contest
expenses)
• 45% increase in adjusted earnings per share

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 • 2014 comp store sales increase = 7.5%; comp decreases in 2015 & 2016 less
than 1%
• Gross margin improvement versus 2013 due to stronger inventory management
• Significant improvement in earnings since 2013

($ in millions, except per

share data) 2016 2015 2014 2013
Sales $695.2 $683.8 $670.8 $622.2
Gross Profit $267.0 $267.0 $252.4 $227.8
Gross Margin 38.4% 39.0% 37.6% 36.6%
SG&A $230.7 $224.2 $221.0 $206.1
SG&A as % of 33.2% 32.8% 32.9% 33.1%
Sales
Adjusted EBITDA $ 36.3 $ 42.8 $ 31.4 $ 21.6

Income Per Share $ 0.91 $ 1.03 $ 0.60 $ 0.03

10
 • 4% comparable store sales increase
• 2012
90 basis points of expense leverage, adjusted for proxy contest expenses
• 45% increase in adjusted earnings per share

($ in millions, except per share data) 1st 3 Q’s 2017 1st 3 Q’s 2016
Sales $543.1 $509.7
Gross Profit $208.4 $196.3
Gross Margin 38.4% 38.5%
SG&A-adjusted for proxy costs $178.9 $172.1
SG&A (adj.) as % of Sales 32.9% 33.8%
Adjusted EBITDA $ 29.5 $ 24.2
Income Per Share (adjusted) $ 0.77 $ 0.53

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 ($ in millions)

As of
Oct. 28, 2017

Cash & Investment Securities $ 91.3

Total Debt* $ 0.0

Total Stockholders' Equity 205.0
Total Capitalization $205.0

* $50 million credit facility available; unused

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 Adjusted EBITDA
($ in millions)
$52.0

$47.8

$42.8
$38.6 $39.3
$36.3

$31.3 $31.4

$27.3

$21.6
$20.3
$17.4
$14.2 $13.5
$11.4

FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

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 • Began returning excess cash to stockholders in 2015 - by

– Initiating a regular dividend

– Completing a $15 million share buyback

• Enhanced our capital return program in 2017 – while ensuring adequate

reserves to fund growth initiatives and meet other contingencies – by

– Increasing the regular dividend 33% to $0.32 annually

– Initiating (and subsequently completing) additional $25 million share

buyback

– Committing to return to stockholders excess cash & short-term/long-

term investments over an $80 million minimum balance

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 • 2017 - Approved Majority Voting Standard

• 2017 – Added a new director (marketing experience)

• 2018 – Will request shareholders to approve declassified Board

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 EBITDA(1) & Adjusted EBITDA reconciled to Net Income (Loss) ($ in thousands)

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Net income $5,028 $5,918 $7,257 $14,200 $21,351 $14,214 $17,383 $19,717 $20,852 $(10,014) $(2,225) $464 $8,966 $15,527 $13,331
Plus:
Interest expense 256 577 774 345 359 469 307 92 24 79 212 194 200 242 159

Income tax expense 3,101 3,727 4,551 7,551 10,617 6,379 7,870 9,969 10,742 - - - 2,144 8,787 6,020

Depreciation and amortization 3,015 4,033 4,872 6,087 8,326 12,583 16,261 18,319 20,324 24,958 23,950 21,974 20,177 18,577 17,090
Less:

Interest Income - (14) (42) (891) (2,014) (2,383) (2,495) (404) (174) (243) (260) (281) (187) (339) (571)

Income tax benefit - - - - - - - - - (7,816) (2,516) (754) - - -

EBITDA 11,400 14,241 17,412 27,292 38,639 31,262 39,326 47,693 51,768 6,964 19,161 21,597 31,300 42,794 36,029

Asset impairment - - - - - - - 112 211 6,514 1,177 1,542 83 - 313

Gain on sale of former
distribution center
- - - - - - - - - - - (1,526) - - -

Adjusted EBITDA $11,400 $14,241 $17,412 $27,292 $38,639 $31,262 $39,326 $47,805 $51,979 $13,478 $20,338 $21,613 $31,383 $42,794 $36,342

(1) Earnings before interest, taxes, depreciation & amortization.

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 The Company makes reference in these slides to expenses and earnings per diluted share adjusted for proxy contest expenses. The Company believes that
excluding proxy contest expenses and their related tax effects from its financial results reflects operating results that are more indicative of the Company's
ongoing operating performance while improving comparability to prior periods, and as such, may provide investors with an enhanced understanding of the
Company's past financial performance and prospects for the future. This information is not intended to be considered in isolation or as a substitute for
expenses or earnings per diluted share prepared in accordance with generally accepted accounting principles (GAAP).

Thirty-Nine Weeks Ended October 28, 2017

As Reported Adjustment (1) As Adjusted
(unaudited) (unaudited) (unaudited)

Net sales $ 543,098 $ - $ 543,098

Cost of sales (exclusive of depreciation shown separately below) (334,659) - (334,659)

Selling, general and administrative expenses (181,439) 2,516 (178,923)
Depreciation and impairment (13,940) - (13,940)
Income from operations 13,060 2,516 15,576
Interest income 617 - 617
Interest expense (112) - (112)
Income before income taxes 13,565 2,516 16,081
Income tax expense (4,238) (786) (5,024)
Net income $ 9,327 $ 1,730 $ 11,057

Basic net income per common share $ 0.66 $ 0.78

Diluted net income per common share $ 0.65 $ 0.77

Weighted average number of shares outstanding

Basic 14,221 14,221
Diluted 14,270 14,270

(1) Proxy contest expenses and related tax effects

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