$KIRK (Kirkland's Inc.)

$KIRK {{ '2016-05-24T12:39:49+0000' | timeago}} • Announcement

Home decor retailer $KIRK reported a drop in 1Q16 earnings due to the impact of planned increase in promotional activity and startup costs for its new e-commerce fulfillment center as well as higher expenses. Net income fell to $0.916MM or $0.06 per share from $2.53MM or $0.14 per share last year. Net sales grew to $129.91MM from $118.31MM.

$KIRK {{ '2017-10-02T13:02:14+0000' | timeago}} • Announcement

$KIRK has appointed Gregory Sandfort, CEO of Tractor Supply Company, to its BoD, effective immediately. Sandfort, who has been holding the current position since December 2012, also served as President and CEO of Tractor Supply. Previously, he was Pesident and COO of Michaels Stores.

$KIRK {{ '2017-08-22T15:56:05+0000' | timeago}} • Announcement

The BoD of $KIRK has given the nod for a stock repurchase plan for the purchase in the aggregate of up to $10MM of the company’s outstanding common stock. The amount and timing of repurchases will be based on stock acquisition price, regulatory limitations and other factors. The company has 16MM common shares outstanding as on July 29, 2017.

$KIRK {{ '2017-08-22T15:54:09+0000' | timeago}} • Announcement

$KIRK was out of the woods with regard to comparable store sales, including e-commerce sales, for 2Q17 as it increased by 1.2% compared to a dip of 4.3% in the prior-year quarter. In a bid to spread its wings, the company opened 8 stores but shut shops at 3 locations, bringing the store count to 406 at the quarter-end.

$KIRK {{ '2017-08-22T15:51:12+0000' | timeago}} • Announcement

$KIRK maintained its EPS outlook for FY17 in the range of $0.5 to $0.65. The firm is striving to make demonstrable progress on strategic initiatives to improve merchandise assortment, optimize promotional and marketing activity, and advance overall operational execution.

$KIRK {{ '2017-08-22T15:48:00+0000' | timeago}} • Announcement

Rising cost of sales and operating expenses continue to smear the décor of $KIRK, a home goods retailer, as it logged a net loss of $3.8MM or $0.24 per share in 2Q17. It was shaky a year ago too, with a loss of $3.6MM or $0.22 per share. Better trends and store productivity made net sales brighter at $131.7MM, a 7% rise, compared to $123MM in 2Q16.

$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.

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