Q4 Earnings Preview: Kirkland's (KIRK)
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Kirkland's (NASDAQ: KIRK) shares are trading higher today ahead of the company's fourth quarter earnings release, expected before the market opens tomorrow, March 12, 2010. The shares are trading up 4.96% to $19.46.
The stock has rebounded tremendously since reaching lows of $2.40 in January 2009 [and below $2 in and around November 2008]. Based on that, Kirkland's has seen a gain of 709% in just over one year [or over 930% if you go back just a little more]. Even going back to 2005, you'd be hard pressed to see the shares over $11.50 or so.
The company is expected to report EPS of $0.81 on revs of $142.80 million. For Q309, the company laughed in the face of analysts as they reported an EPS of $0.27, compared to views of $0.08. For Q408, the company reported an adjusted EPS of $0.59, above the $0.52 expected.
Compared to its competitors, the company doesn't boast the worlds largest market cap, at $383 million. Bed, Bath, and Beyond (NASDAQ: BBBY) is at $10.78 billion, and Williams-Sonoma (NYSE: WSM) boasts a cap around $2.55 billion.
The retailer sells items such as "candles," "mirrors," "outdoors," and "wall decor," all similar items to BBBY and WSM. Same prices too, according to the company website.
The company, trading at a 13.7x FY10 P/E, seems to be a better value compared to 19x for BBBY, and 29.7x for Williams-Sonoma. Cost Plus World Market (NASDAQ: CPWM) is expected to have a loss for FY10.
KIRK boasts 294 stores, to BBBY's over 1,000, and no immediate response from WSM on the store situation, though it should be over 350 by now since they hit the 300 milestone earlier in the decade.
So what gives?
It could be that there were rumors circulating of liquidity issues in late 2008.
It could be a tighter, more well-run corporate governance.
Either way, the company reported a 10.2% increase in comps for the fourth quarter, and net sales of $142.8 million, a 6.88% increase over the $133.6 million reported for the same period the prior year.
The company also doesn't pay a dividend, and has seen its cash hang tough in the mid-$30 millions. Cash dropped down to about $2 million in November 200.
Being back to normal cash levels, and having a tighter run ship, keep your eye on this fashionable stock tomorrow.
The stock has rebounded tremendously since reaching lows of $2.40 in January 2009 [and below $2 in and around November 2008]. Based on that, Kirkland's has seen a gain of 709% in just over one year [or over 930% if you go back just a little more]. Even going back to 2005, you'd be hard pressed to see the shares over $11.50 or so.
The company is expected to report EPS of $0.81 on revs of $142.80 million. For Q309, the company laughed in the face of analysts as they reported an EPS of $0.27, compared to views of $0.08. For Q408, the company reported an adjusted EPS of $0.59, above the $0.52 expected.
Compared to its competitors, the company doesn't boast the worlds largest market cap, at $383 million. Bed, Bath, and Beyond (NASDAQ: BBBY) is at $10.78 billion, and Williams-Sonoma (NYSE: WSM) boasts a cap around $2.55 billion.
The retailer sells items such as "candles," "mirrors," "outdoors," and "wall decor," all similar items to BBBY and WSM. Same prices too, according to the company website.
The company, trading at a 13.7x FY10 P/E, seems to be a better value compared to 19x for BBBY, and 29.7x for Williams-Sonoma. Cost Plus World Market (NASDAQ: CPWM) is expected to have a loss for FY10.
KIRK boasts 294 stores, to BBBY's over 1,000, and no immediate response from WSM on the store situation, though it should be over 350 by now since they hit the 300 milestone earlier in the decade.
So what gives?
It could be that there were rumors circulating of liquidity issues in late 2008.
It could be a tighter, more well-run corporate governance.
Either way, the company reported a 10.2% increase in comps for the fourth quarter, and net sales of $142.8 million, a 6.88% increase over the $133.6 million reported for the same period the prior year.
The company also doesn't pay a dividend, and has seen its cash hang tough in the mid-$30 millions. Cash dropped down to about $2 million in November 200.
Being back to normal cash levels, and having a tighter run ship, keep your eye on this fashionable stock tomorrow.
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