Tue, Nov. 22, 7:07 AM
- Kirkland's (NASDAQ:KIRK) reports comparable sales fell 2.3% in Q3. Total sales were up 7% to $138.2M.
- "We were pleased with the modest improvement in merchandise margin for the quarter despite a decline in traffic in a highly promotional environment," notes CEO Mike Madden.
- Kirkland's ended the period with 401 stores after adding 11 and closing one in Q3.
- Full-year EPS guidance is set at $0.70-$0.75 vs. $70-$0.80 prior adnd $0.73 consensus.
- The company also named Mike Cairnes to be its new COO. Cairnes worked previously at Michael's.
- Previously: Kirkland's beats by $0.05, beats on revenue (Nov. 22)
Tue, Nov. 22, 6:33 AM
Thu, Nov. 17, 11:10 AM
- A big jump in housing starts in October to a seasonally-adjusted level of 1.323M is bringing some buyers into select retail stocks loosely associated with home spending.
- Making the cut are Home Depot (HD +1.6%), Kirkland's (KIRK +2.2%), Williams-Sonoma (WSM +2.2%) and The Container Store (TCS +2.2%), Haverty Furniture (HVT +1.2%) and La-Z-Boy (LZB +0.4%).
- Previously: Housing starts top expectations (Nov. 17)
Fri, Oct. 14, 9:05 AM
- Retail sales increased 2.7% Y/Y and 0.6% M/M in September on broad gains across categories. The sales totals for August were also nudged slightly higher.
- Sales from nonstore retailers like Amazon (NASDAQ:AMZN) were up 10.6% Y/Y to once again account for a higher percentage of overall sales.
- The building material & garden equipment category showed a 1.4% M/M and 5.6% Y/Y gain which bodes well for Home Depot (NYSE:HD) and Lowe's (NYSE:LOW).
- Department stores (DDS, SHLD, JCP, M, JWN) lagged again as sales fell 0.7% M/M and 6.4% Y/Y, while furniture and home furnishing stores (HVT, WSM, KIRK, RH, BBBY) outpaced the broad averages in the sector.
- Restaurant sales (NASDAQ:BITE) showed a nice jump from August, although the breakdown between large publicly-traded chains and independent restaurants isn't broken down.
- The early take from retail analysts is that the overall tone from the report is ever-so-slightly positive for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
- Previously: Retail sales track higher as expected (Oct. 14)
Wed, Aug. 24, 7:58 AM
- B. Riley analyst Jeff Van Sinderen slides his price target on Kirkland (NASDAQ:KIRK) to $15 from $21 after taking in the retailer's disappointing Q2 report and guidance.
- Concerns on Kirkland's supply chain progress were cited in the analyst note, although a Buy rating was maintained on the expectation that positive comparable sales growth is down the road.
- Sidoti downgrades KIRK to Neutral from Buy.
- Shares of Kirkland's plunged 18% after the company's earnings report was released yesterday.
- Previously: Kirkland's misses by $0.01, misses on revenue (Aug. 23)
- Previously: More on Kirkland's Q2 (Aug. 23)
Tue, Aug. 23, 12:46 PM
Tue, Aug. 23, 6:55 AM
- Kirkland's (NASDAQ:KIRK) reports comparable-store sales fell 4.3% in Q2.
- E-commerce revenues rose 37% in the quarter.
- Gross margin rate decreased 250 bps to 34.4%.
- Store count +40 Y/Y to 391.
- FY2016 Guidance: Total sales: ~+7% to +8%; Diluted EPS of $0.70 to $0.80; Tax rate: ~38.5%; Capex: $28M to $31M.
Tue, Aug. 23, 6:31 AM
Mon, Aug. 22, 5:30 PM
Tue, May 24, 6:45 AM
- Kirkland's (NASDAQ:KIRK) reports comparable-store sales rose 0.5% in Q1.
- E-commerce revenues increased 28%.
- Gross margin rate dropped 220 bps to 38.1%.
- Operating margin rate decreased 230 bps to 1.2% during the quarter.
- Store count +40 Y/Y to 382.
- FY2016 Guidance: Diluted EPS of $0.98 to $1.11.
- KIRK +2.19% premarket.
Tue, May 24, 6:32 AM
- Kirkland's (NASDAQ:KIRK): Q1 EPS of $0.06
- Revenue of $129.91M (+9.8% Y/Y)
- Shares +2.19% PM.
Mon, May 23, 5:30 PM
Fri, Mar. 11, 7:17 AM
- Kirkland's (NASDAQ:KIRK) reports comparable-store sales rose 1.3% in FQ4. Total sales were up 11.4% with an addition of six new stores (net).
- Inventory rose 21% Y/Y to end the quarter at $67.7M.
- The company expects FY16 sales to increase 10% to 15% off a low single-digit comp. EPS of $0.98-$1.11 is anticipated.
- Shares of Kirkland's are down 1.4% YTD.
Fri, Mar. 11, 7:03 AM
- Kirkland's (NASDAQ:KIRK): Q4 EPS of $0.97 beats by $0.07.
- Revenue of $198.97M (+11.4% Y/Y) beats by $0.32M.
Thu, Mar. 10, 5:30 PM
Thu, Feb. 11, 11:46 AM
- There's some nervous trading on stocks associated with consumers spending money on their houses. Today's macroeconomic news and stock market decline are cutting into confidence over consumer spending patterns.
- Pier 1 Imports (PIR -7.9%), Mattress Firm (MFRM -3.1%), Tile Shop (TTS -2.9%), Lumber Liquidators (LL -5.8%), Restoration Hardware (RH -3.6%), Bed Bath & Beyond (BBBY -2.5%), La-Z-Boy (LZB -3%), Kirkland's (KIRK -2.3%), and Williams-Sonoma (WSM -2.5%) are all lower than broad market averages.
- Lowe's (LOW -1.5%) and Home Depot (HD -1.2%) are showing a milder loss.