Kirkland's (KIRK) Tops Q1 EPS by 5c; Comps Rose 3%

Kirkland's (NASDAQ: KIRK) reported Q1 EPS of $0.16, $0.05 better than the analyst estimate of $0.11. Revenue for the quarter came in at $118.3 million versus the consensus estimate of $117.68 million.

Comparable store sales for the first quarter of fiscal 2015, including e-commerce sales, increased 3.0% compared with a comparable store sales increase of 5.0% in the prior-year quarter. Kirkland's opened one store and closed three during the first quarter, bringing the total number of stores to 342 at quarter end.

Kirkland's sees FY2015 EPS of $1.18 - $1.23, versus the consensus of $1.19. For the 52-week period ending January 30, 2016 ("fiscal 2015"), the Company expects to achieve approximately 8% to 10% square footage growth with 35 to 40 new store openings and 10 to 15 store closings. New store openings are expected to be weighted toward the second and third quarters of the year, and store closings are expected to be spread evenly throughout the year.

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

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