Citi Trends, Inc. (NASDAQ:CTRN) shares climbed in premarket trading on Tuesday after the value-focused retailer delivered double-digit sales growth.

The company continued to tighten costs and improve its balance sheet even as earnings remained in the red.

The company reported third-quarter adjusted earnings per share of 88 cents loss, missing the Street view of 79 cents.

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Metrics

Quarterly sales of $197.091 million (+10.1%  year over year) outpaced the analyst consensus estimate of $192.734 million.

Comparable store sales grew 10.8% in the period. On a two-year basis, comps increased 16.5%. CEO Ken Seipel added:

Third-quarter comparable store sales growth of 10.8%

16.5% on a two-year stack basis, represents the fifth consecutive quarter of positive comp performance

Year-to-date ...