— Kirkland’s Inc. (NASDAQ: KIRK) reported a third-quarter 2019 adjusted loss of $0.58 per share versus a loss of $0.50 per share expected.
— Net sales fell by 6.2% to $144.9 million versus $137.17 million expected. Kirkland’s opened one store and closed no store during the third quarter, bringing the total number of stores to 432 at quarter-end.
— Comparable store sales, including e-commerce sales, decreased 6.4% compared to an increase of 1.4% in the prior-year quarter. Store sales were impacted by negative store traffic, which was partially offset by an improvement in conversion.
— The company recorded growth in e-commerce sales, which were driven by gains in traffic and conversion, partially offset by a decline in average ticket.
— Looking ahead into fiscal 2019, adjusted loss guidance is widened to the range of $2.00-1.75 per share from the previous range of $1.50-1.25 per share. The consensus estimates loss of $1.39 per share.
— The forecast reflected continued pressure on revenue and gross margin as the company moves forward on its various business improvement initiatives.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
