$KIRK (Kirkland's Inc.)

$KIRK {{ '2016-05-24T17:11:02+0000' | timeago}} • Webcast

$KIRK said its e-commerce revenue grew 28% in 1Q16 and that the channel has grown at a faster pace and now accounts for 7.5% of its total revenues. In the quarter gross profit margin fell about 215 BP to 38.1%, hurt by merchandise margin decline, inbound freight charges and higher store occupancy costs.

$KIRK {{ '2017-05-23T18:53:30+0000' | timeago}} • Webcast

$KIRK said that store openings are still part of its strategy as it backed its 500-store goal in the future. as the 400-store retailer posted its 1Q17 results.

$KIRK {{ '2017-05-23T18:30:22+0000' | timeago}} • Webcast

$KIRK sees e-commerce growth to exceed 20% as it looks forward. Strong improvement is expected in second half of FY17, particularly 4Q17.

$KIRK {{ '2017-05-23T18:25:44+0000' | timeago}} • Webcast

As $KIRK posted its 1Q17 results, it sees store closings to occur throughout the first half of FY17, while new store openings are expected in 2Q17 and 3Q17.

$KIRK {{ '2017-05-23T13:54:25+0000' | timeago}} • Announcement

$KIRK announced that Adam Holland, Vice President and CFO, has resigned to assume a similar role with a company in the healthcare industry. Mr. Holland will remain with $KIRK in his current capacity until June 14, 2017. The company has named its Controller, Nicole Strain, to serve as Interim Chief Financial Officer.

$KIRK {{ '2017-05-23T11:23:15+0000' | timeago}} • Announcement

$KIRK maintained its FY17 EPS guidance of $0.50-0.65. This performance outlook is based on current information as of May 23, 2017. The company has identified significant opportunities to drive the business, and $KIRK remains confident in its long-term outlook.

$KIRK {{ '2017-05-23T11:21:10+0000' | timeago}} • Announcement

$KIRK's comparable store sales, including e-commerce sales, for 1Q17 decreased 3.8% compared with an increase of 0.5% in the prior-year quarter. The company opened 8 stores and closed 11 during 1Q17, bringing the total number of stores to 401 at quarter end.

$KIRK {{ '2017-05-23T11:20:35+0000' | timeago}} • Announcement

$KIRK slipped to a loss in 1Q17 from a profit last year, due to higher costs and expenses. Net loss was $1.44MM or $0.09 per share compared to a profit of $0.92MM or $0.06 per share last year. Net sales rose to $132.84MM from $129.91MM, on strong e-commerce results.

$KIRK {{ '2017-03-10T16:52:47+0000' | timeago}} • Webcast

$KIRK said in terms of assortment, it is addressing some of the categories that are in decline. $KIRK believes there is an opportunity to bring its SKU count down and allocate the money to more productive areas of the assortment. The company is looking to capitalize on higher growth areas and move out of less productive areas.

$KIRK {{ '2017-03-10T16:35:42+0000' | timeago}} • Webcast

In 4Q16, $KIRK’s brick-and-mortar comparable store sales declined 6.2% driven primarily from an approximate 6% decline in brick-and-mortar traffic. Store traffic was down across most of the company’s states. The conversion rate was positive in 4Q16 but this was offset by a lower average ticket. Ecommerce generated $16.2MM in total revenue.

$KIRK {{ '2017-03-10T16:27:52+0000' | timeago}} • Webcast

$KIRK's ecommerce business accounted for 8% of its sales and sustained healthy momentum in 2016. The company expects double digit growth in the channel during 2017. $KIRK believes there are opportunities to improve conversion and achieve higher profitability as it expands its vendor network and adds specific assortments for holidays.

$KIRK {{ '2017-03-10T12:35:34+0000' | timeago}} • Announcement

$KIRK opened four stores and closed one in 4Q16, bringing the total number of stores to 404 at the quarter end. For FY17, $KIRK expects to open 25-30 new stores and close about 20.

$KIRK {{ '2017-03-10T12:30:07+0000' | timeago}} • Announcement

$KIRK expects total sales in FY17 to increase about 6-8% YoY. EPS is predicted to be in the range of of $0.50 to $0.65. $KIRK sees lower earnings in 1H17 compared with the year-over period. FY17 capex is estimated to be between $23MM and $27MM, primarily driven by new store openings.

$KIRK {{ '2017-03-10T12:26:22+0000' | timeago}} • Announcement

$KIRK, a specialty retailer of home decor, reported 2.1% increase in net sales in 4Q16 at $203.2MM. However, net income was down at $14.5MM, or $0.90 per share, from $16.6MM, or $0.97 per share, in 4Q15. Earnings were hurt by 4.6% fall in comparable store sales, including e-commerce sales.

$KIRK {{ '2016-11-23T11:05:29+0000' | timeago}} • Webcast

$KIRK said that on achieving the FY16 guidance, the company expects to have a cash balance at year end of between $50-55MM. In terms of capital allocation priorities, the company stated its main priority will be to invest in its business and maintain a conservative capital structure.

$KIRK {{ '2016-11-23T10:54:14+0000' | timeago}} • Webcast

$KIRK's cash on hand at 3Q16-end was $28.3MM, while inventory rose 4.7% YoverY to $99.9MM. The company also added that it had no long term debt or borrowings outstanding at quarter end.

$KIRK {{ '2016-11-23T10:39:17+0000' | timeago}} • Webcast

$KIRK stated the company completed its 2016 class of new store openings on time and on budget in Nov. The company also closed 14 stores in 2016. $KIRK added that longer-term, the company remains committed to its goal of having a total of 500 stores. In 2017, the company is aiming to open fewer stores than in 2016.

$KIRK {{ '2016-11-22T19:33:56+0000' | timeago}} • Announcement

$KIRK appointed Mike Cairnes as new EVP and COO, effective Nov. 28, 2016. Cairnes was most recently with Michael's Stores, where he served concurrently as President of its Aaron's Brothers retail business, since 2015, and President of Artistree framing business, since 2007. Also, Sarah Hussey recently joined $KIRK as VP of Planning and Allocation.

$KIRK {{ '2016-11-22T12:10:44+0000' | timeago}} • Announcement

$KIRK expects FY16 diluted EPS to be in the range of $0.70-0.75. Capital expenditures were expected to be approx. $31MM. Operating expenses are expected to increase slightly as a percent of sales.

$KIRK {{ '2016-11-22T12:10:31+0000' | timeago}} • Announcement

$KIRK expects to achieve about 9% square footage growth with 42 new store openings and 14 store closings for FY16. Total sales were expected to grow about 7%, driven primarily by new store openings.

$KIRK {{ '2016-11-22T12:07:11+0000' | timeago}} • Announcement

$KIRK reported a loss of $0.8MM, or $0.05 per diluted share in 3Q16, compared with a loss of $0.3MM or $0.02 per diluted share a year ago. Net sales grew 7% to $138.2MM and comparable store sales, including e-commerce sales, fell 2.3%.

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