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
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
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.
Wed, Feb. 10, 9:15 AM
Fri, Feb. 5, 8:08 AM
- 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.
Thu, Jan. 21, 10:34 AM
- Stocks tied to consumers pouring money into their houses are ripping gains today. The rally includes home improvement, home building, and home furnishings stocks.
- Gainers include Profire Energy (PFIE +10.1%), Pier 1 Imports (PIR +3.9%), Lumber Liquidators (LL +3.3%), Home Depot (HD +3.9%), Restoration Hardware (RH +2.7%), Bed Bath & Beyond (BBBY +1.7%), Haverty Furniture (HVT +1.1%), Beacon Roofing (BECN +2.1%), Lowe's (LOW +2.4%), Kirkland's (KIRK +3%) and Sears Hometown and Outlet Stores (SHOS +1.9%).
Thu, Jan. 14, 8:24 AM
- Consumer discretionary stocks on watch today include Ethan Allen (NYSE:ETH), La-Z-Boy (NYSE:LZB), Pier 1 Imports (NYSE:PIR), Kirkland's (NASDAQ:KIRK), Select Comfort (NASDAQ:SCSS), and Mattress Firm (NASDAQ:MFRM).
- The home furnishing/home furniture group is typically seen as benefiting from low gas prices and steady employment trends, but were pummeled yesterday with 4% to 5% losses.
- The broad consumer discretionary sector has its worst day since last August with the Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLP) down 3.37%.
- ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, PEZ, PSCD, BITE.
Dec. 29, 2015, 12:11 PM
- A report from MasterCard on a 7.9% increase in holiday spending is creating some optimism that retailers selling in certain categories could surprise with Q4 earnings.
- Double-digit sales gains were recorded for furniture spending (RH, PIR, HVT, BBBY, ETH, HOFT, OTCPK:BEST, W, LZB, OTCPK:LEFUF, BSET, WSM, RH, KIRK) and women's apparel (NWY, LB, ASNA) while the men's apparel and electronics categories were left behind.
- A late sales rush is also usually a positive sign for Signet (NYSE:SIG) and Tiffany (NYSE:TIF).
- Previously: Late rush may have turned holiday season around (Dec. 28)
Dec. 8, 2015, 11:31 AM
- It's breakout time for some stocks tied to home furnishings and home improvement.
- Mattress Firm (MFRM +3.4%), Williams-Sonoma (WSM +1.4%), Select Comfort (SCSS +1.7%), American Woodmark (AMWD +2.7%), Bassett Furniture (BSET +0.1%), Bed Bath & Beyond (BBBY +0.3%), and Kirkland's (KIRK +0.7%), Restoration Hardware (RH +1.1%) are all comfortably ahead of market averages.
- Home Depot (HD +0.1%) and Lowe's (LOW +0.9%)are also putting in modest gains.
Dec. 4, 2015, 10:29 AM
- Economists think that the combination of a stronger U.S. jobs environment and sub-$2 gas prices could improve some consumer spending habits, although not as much for traditional big box retailers, apparel chains, and electronics stores as for specialty retailers selling lower-end personal care, housing, and decor items. Though middle-income and low-income consumers continue to be thrifty with major purchases (logo apparel, gadgets), there have been signs in recent earnings reports of strength in everyday items such as shampoo, mattresses, and underwear.
- That trend could benefit a variety of chain stores with an U.S. focus including Five Below (NASDAQ:FIVE), Ulta Salon (NASDAQ:ULTA), TJX Companies (NYSE:TJX), Dollar General (NYSE:DG), Ross Stores (NASDAQ:ROST), Kirkland's (NASDAQ:KIRK), Sally Beauty Holdings (NYSE:SBH), Michaels Companies (NASDAQ:MIK), Party City (NYSE:PRTY), and even Mattress Firm (NASDAQ:MFRM).
- The bump in consumer staples spending could provide a lift to Procter & Gamble (NYSE:PG), Kimberly-Clark (NYSE:KMB), and Clorox (NYSE:CLX) as well for the U.S. side of their business.
- Related ETFs: XLP, VDC, FXG, RHS, FSTA, PSL, PSCC
Nov. 19, 2015, 12:44 PM
Nov. 19, 2015, 10:05 AM
- Kirkland's (NASDAQ:KIRK) is down 29% after missing estimates with Q3 earnings and setting guidance below expectations.
- The company forecasts Q4 revenue of $197M-$200M vs. $201M consensus and EPS of $0.88-$0.95 vs. $1.12 consensus.
- Lower merchandise margins and higher supply chains costs are pinching margins for Kirkland's.
- Promotional activity at Kirkland's is on the rise to help it clear inventory.
- Previously: Kirkland's misses by $0.06, misses on revenue (Nov. 19 2015)
Kirkland's, Inc. is a retailer of home decor and gifts in the United States. Its stores present a selection of merchandise, including framed art, mirrors, wall decor, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories and artificial... More
Industry: Home Furnishing Stores
Country: United States
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