Kirkland's (KIRK) Swings to Q1 Profit; Guides FY09

May 21, 2009 8:08 AM EDT

Kirkland's, Inc. (Nasdaq: KIRK) reports Q1 EPS of $0.12, ex-items, versus the analyst estimate of ($0.09) and compared to a loss of $0.13 in the same quarter last year. Revenue for the quarter was $83.3 million, versus the consensus of $79.36 million.

Same store sales rose 5.2%.

Sees FY09 sales moderatley below FY08 based on the smaller store base throughout the year. EPS for the year are expected to be moderately higher than '08 levels.

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