— 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
Key takeaways from Cintas’ (CTAS) third-quarter 2023 report
Cintas Corporation (NASDAQ: CTAS) has been growing its market share by diversifying into new areas and through acquisitions. The prudent business model, with a focus on recurring revenues, has helped
Here are a few points to keep in mind if you are considering Starbucks Corporation (SBUX)
Shares of Starbucks Corporation (NASDAQ: SBUX) stayed in green on Thursday. The stock has gained 10% over the past 12 months. The company delivered healthy results for its most recent
ANGO Earnings: AngioDynamics reports loss for Q3; revenue up 9%
AngioDynamics Inc. (NASDAQ: ANGO) on Thursday reported a wider loss for the third quarter when the medical device maker's revenues increased by 9%. The company also provided guidance for fiscal