- Kirkland's (NASDAQ:KIRK +3.8%) reports comparable-store sales rose 2% in Q4.
- Gross margin rate fell 130 bps to 35.2%.
- Operating margin rate down 190 bps to 9.4%.
- Store count +14 Y/Y to 418.
- The Company expects square footage growth of ~2% to 3% in FY2018, with 20 to 25 new store openings and 10 to 15 store closings.
- FY2018 Guidance: Total sales: +3% to +5%; Diluted EPS of $0.50 to $0.60; Tax rate: ~24%; Capex: $26M to $29M.
Kirkland missed estimates in Q4
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Symbol | Last Price | % Chg |
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KIRK | - | - |
Kirkland's, Inc. |