Kirkland's Reports Fourth Quarter 2020 Results
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Kirkland's (KIRK) Tops Q4 EPS by 9c
March 12, 2021 7:05 AM ESTKirkland's (NASDAQ: KIRK) reported Q4 EPS of $1.40, $0.09 better than the analyst estimate of $1.31. Revenue for the quarter came in at $194.92 million versus the consensus estimate of $195 million.
Fourth Quarter 2020 Financial Highlights:
Net sales decreased 6.9% to $194.9 million, with 59 fewer stores; comparable sales increased 1.8%, including e-commerce growth of 35.5%Gross profit margin of 37.7% compared with 29.8% in the prior year, an increase of 790 basis points, or $11.0 millionOperating expenses of 23.5% of net sales compared with 32.3% in the prior year; excluding impairments a reduction of 330 basis points, or $10.3 millionEarnings per diluted share of $1.36... More