Kirkland's (KIRK) Tops Q3 EPS by 1c, Revenues Beat, Comp. Sales Up 1.4%; Offers FY18 EPS Guidance Above Consensus
Kirkland's (NASDAQ: KIRK) reported Q3 EPS of ($0.13), $0.01 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $154.6 million versus the consensus estimate of $153.23 million.
"I am excited to join the Kirkland\'s team and encouraged with the ongoing initiatives as well as the energy across the company," said Steve "Woody" Woodward, Chief Executive Officer. "At the same time, I believe there is significant opportunity to improve the consistency and relevancy of our assortments to make Kirkland's the destination of choice for quality home décor at an affordable price."
Mike Cairnes, President and Chief Operating Officer added, "Quarterly performance benefitted from strong sell through of seasonal merchandise and continued progress in operating performance. E-commerce trends improved in the quarter while expenses and inventory remained well managed. We are operating the business with greater efficiency and believe we are well positioned to deliver a solid holiday season."
GUIDANCE:
Kirkland's sees FY2018 EPS of $0.50-$0.60, versus the consensus of $0.47.
For earnings history and earnings-related data on Kirkland's (KIRK) click here.
