Kirkland's Inc is a specialty retail company that focuses on home décor and furnishings
It offers a wide range of products, including decorative accessories, furniture, textiles, and seasonal items, catering to consumers looking to enhance their living spaces. The company emphasizes a unique shopping experience by providing a variety of stylish and affordable home goods, often blending traditional and modern design elements. Through its network of stores and online presence, Kirkland's aims to inspire customers with fresh and innovative products for their homes.
Kirkland's Inc. reported Q3 2024 sales decline of 1.7%, beating consensus. Comparable sales decreased 3.0%, gross margin expanded, and operating loss reduced. Formed a strategic partnership and ended with 325 stores.
Kirkland's reported a 5.3% year-over-year sales decline in Q1 FY24, reaching $91.75 million, missing the $93.07 million estimate. Comparable sales dropped 3.5%, with a 19.1% e-commerce sales decline, while store sales rose 2.8%. Gross profit margin improved 280 basis points to 29.5%. Adjusted EPS loss of $(0.68) beat expectations. Kirkland's reveals cost savings initiatives and retains financial advisor to review strategic alternatives.
