Kirkland's (NASDAQ: KIRK) reported Q4 EPS of $0.95, $0.02 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $216.1 million versus the consensus estimate of $216.13 million.

"Since coming on board, I've spent time visiting stores, meeting Kirkland\'s employees and customers, and doing some deep dives with a particular focus on merchandising, product design and branding,\" said Woody Woodward. \"What is clear to me is that Kirkland\'s has a strong value proposition that resonates with our shopper, and we have a robust operational focus that\'s driving improvement in key areas of the business."

"While we made progress in key operational areas in 2018, we are disappointed with our overall performance and believe we need to accelerate the pace of change within the organization," continued Mr. Woodward. \"We are taking meaningful steps to further transform the business to address ongoing changes in home décor retailing.\"

"Our plan for 2019 includes aggressive steps to fast-track our transition by building on our 2018 work and adding strategic initiatives to address traffic and enhance the customer experience."

GUIDANCE:

Kirkland's sees FY2019 EPS of $0.15-$0.30, versus the consensus of $0.31.

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