Kirkland's (NASDAQ: KIRK) reported Q2 EPS of ($0.24), $0.05 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $131.7 million versus the consensus estimate of $125.44 million.

Comparable store sales for the second quarter of fiscal 2017, including e-commerce sales, increased 1.2% compared with a decrease of 4.3% in the prior-year quarter.

Kirkland's maintained its fiscal 2017 outlook given on March 10, 2017, which provides for diluted earnings per share in the range of $0.50 to $0.65 for the full year.

Stock Repurchase Plan Authorization

The Board of Directors has authorized a stock repurchase plan providing for the purchase in the aggregate of up to $10 million of the Company's outstanding common stock. Repurchases of shares will be made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including stock acquisition price, regulatory limitations and other market and economic factors. The stock repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time. As of July 29, 2017, the Company had 16.0 million common shares outstanding.

For earnings history and earnings-related data on Kirkland's (KIRK) click here.