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Kirkland's issues Q4 sales update, edges guidance higher

Feb. 05, 2016 8:08 AM ETKirkland's, Inc. (KIRK) StockBy: Clark Schultz, SA News Editor
  • Kirkland's (NASDAQ:KIRK) reports comparable-store sales rose 1.3% in Q4. The company ran up against a tough comparable with last year's holiday-period comp came in at +8%.
  • "Promotional levels were higher during the quarter, as we had anticipated," noted CEO Mike Madden.
  • Kirkland's now expects FY15 EPS of $0.89 to $0.96 vs. $0.88 to $0.95 prior view and $0.89 consensus.
  • Full earnings will be released on March 11.
  • KIRK +2.36% premarket to $12.14.

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