Kirkland's Reports Second Quarter 2019 Results
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Kirkland's (KIRK) Misses Q2 EPS by 34c, Revenues Miss, Comp Sales Down 11.2%; Offers FY20 EPS Guidance Below Consensus
September 5, 2019 6:35 AM EDTKirkland's (NASDAQ: KIRK) reported Q2 EPS of ($1.05), $0.34 worse than the analyst estimate of ($0.71). Revenue for the quarter came in at $119.9 million versus the consensus estimate of $124.83 million.
Net sales for the 13 weeks ended August 3, 2019 decreased 10.5% to $119.9 million compared to $133.9 million for the 13 weeks ended August 4, 2018.Kirkland\'s opened one store and closed one store during the second quarter, bringing the total number of stores to 431 at quarter-end.Comparable store sales, including e-commerce sales, decreased 11.2% compared to a decrease of 3.9% in the prior-year quarter.The decline... More