— 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
GS Earnings: A snapshot of Goldman Sachs’ Q4 2025 results
Banking giant Goldman Sachs Group, Inc. (NYSE: GS) on Thursday reported lower revenues and higher earnings for the fourth quarter of fiscal 2025. Net revenues decreased to $13.45 billion in
Morgan Stanley (MS) Q4 2025 Earnings: Revenue and profits beat estimates
Morgan Stanley (NYSE: MS) reported its fourth quarter 2025 earnings results today. Net revenues increased 10% year-over-year to $17.9 billion. Net income applicable to common shareholders was $4.3 billion, or
Key highlights from BlackRock’s (BLK) Q4 2025 earnings results
BlackRock, Inc. (NYSE: BLK) reported its fourth quarter 2025 earnings results today. Revenue increased 23% year-over-year to $7 billion. Net income decreased 33% to $1.13 billion, or $7.16 per share,
