Kirkland's Reports Second Quarter 2020 Results
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Kirkland's (KIRK) Reports Q2 EPS of $0.02, Revenues Beat; Comp Sales Up 10.2%, E-Commerce Sales Up 77.1%
September 3, 2020 7:10 AM EDTKirkland's (NASDAQ: KIRK) reported Q2 EPS of $0.02, versus ($0.99) reported last year. Revenue for the quarter came in at $124.72 million versus the consensus estimate of $110.97 million.
Comparable sales increase of 10.2%, including e-commerce growth of 77.1%, while gross profit margin improves 640 basis points to 28.6% of net sales on the strength of continued execution of merchandising strategy, omni-channel growth and infrastructure improvements Second Quarter 2020
Financial Highlights:
Net sales increased 4.0% to $124.7 million in the quarter, with 44 fewer stores; comparable sales increased 10.2%, including e-commerce growth of 77.1%Gross profit improved to 28.6% of net... More