NASHVILLE, Tenn., June 6, 2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, announced financial results for the 13-week period ended May 4, 2024. First Quarter 2024 Summary Net sales of $91.8 million; Overall comparable sales decreased 3.5%, inclusive of 2.8% growth in comparable brick-and-mortar stores compared to Q1 2023. Gross profit margin expanded 280 bps to 29.5% compared to Q1 2023. Operating loss of $7.5 mil ...

NASHVILLE, Tenn., May 23, 2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, today announced that its financial results for the first quarter of fiscal 2024 will be released before market open on Thursday, June 6, 2024. The Company will host a conference call at 9:00 a.m. Eastern Time to discuss the financial results. Date: Thursday, June 6, 2024 Time: 9:00 a.m. Eastern Time Toll-free dial-in number: 1-855-560-2577 I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 000-49885 | Kirkland's, Inc. | | | | --- | --- | --- | | (Exact name of registrant as specified in its chart ...

Financial Performance - Q4 2023 - Net sales for Q4 2023 were $165.9 million, with comparable sales increasing 1.7% on a 13-week basis[5][6] - Gross profit margin for Q4 2023 improved to 32.0%, up from 24.8% in the prior year quarter[5][7] - Operating income for Q4 2023 was $10.7 million, a $13.9 million improvement quarter-over-quarter[5][8] - Net income for Q4 2023 was $10.1 million, compared to a net loss of $3.8 million in the prior year quarter[9] Financial Performance - Fiscal Year 2023 - Fiscal year 2023 net sales were $468.7 million, with comparable sales decreasing 4.8% on a 52-week basis[5][11] - Gross profit margin for fiscal year 2023 improved to 27.1%, up from 24.0% in the prior year[5][12] - Operating loss for fiscal year 2023 was $24.4 million, an $18.3 million improvement year-over-year[5][13] - Net loss for fiscal year 2023 was $27.8 million, compared to a net loss of $44.7 million in the prior year[14] Cash and Debt Position - The company ended the year with a cash balance of $3.8 million and $34.0 million in outstanding debt[5][10] - Cash and cash equivalents decreased from $5.171 million in 2023 to $3.805 million in 2024, a decline of 26.4%[25] - Borrowings on revolving line of credit increased from $60.000 million in 2023 to $64.000 million in 2024, a rise of 6.7%[26] Store Operations - The company closed 16 stores and relocated one store, ending the year with 330 stores[5] Asset and Inventory Changes - Total assets decreased from $274.246 million in 2023 to $250.573 million in 2024, a decline of 8.6%[25] - Inventories, net decreased from $84.071 million in 2023 to $74.090 million in 2024, a reduction of 11.9%[25] Cash Flow and Operating Activities - Net cash used in operating activities improved from $(18.151) million in 2023 to $(14.476) million in 2024, a reduction of 20.2%[26] - Depreciation expenses decreased from $16.522 million in 2023 to $11.980 million in 2024, a reduction of 27.5%[26] Adjusted Financial Metrics - Adjusted EBITDA improved from $(21.312) million in 2023 to $(8.386) million in 2024, a significant improvement of 60.7%[33] - Adjusted operating income (loss) improved from $(37.834) million in 2023 to $(20.366) million in 2024, a significant improvement of 46.2%[33] Compensation and Expenses - Stock-based compensation expense decreased from $1.961 million in 2023 to $1.186 million in 2024, a reduction of 39.5%[26] Net Loss Improvement - Net loss improved from $(44.694) million in 2023 to $(27.751) million in 2024, a reduction of 37.9%[26]

NASHVILLE, Tenn., March 7, 2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, will hold a conference call on Thursday, March 21, 2024, at 9:00 a.m. Eastern time to discuss its financial results for the fourth quarter and fiscal year ended February 3, 2024. The results will be reported in a press release prior to the conference call. Kirkland's Home management will host a conference call to discuss its financial resul ...

NASHVILLE, Tenn., Jan. 26, 2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, entered into a supplemental credit facility on January 25, 2024, which will increase its available credit by up to $12 million. To support its strategic repositioning efforts, Kirkland's Home secured additional debt financing through a new first-in last-out, asset-based, delayed-draw term loan facility. The new facility is in addition to th ...

Sullivan to Also Join the Company's Board of Directors NASHVILLE, Tenn., Jan. 19, 2024 /PRNewswire/ -- Kirkland's, Inc. (Nasdaq: KIRK) ("Kirkland's Home" or the "Company"), a specialty retailer of home décor and furnishings, has promoted Amy Sullivan to Chief Executive Officer ("CEO"), effective February 4, 2024, and she will also join the Company's board of directors. She succeeds interim CEO Ann Joyce, who will remain on the Company's board of directors. Sullivan, who has been with the Company for more th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 28, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______to ______. Commission file number: 000-49885 Kirkland's, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-1287151 (State or other jurisdi ...

Kirkland's, Inc. (NASDAQ:KIRK) Q2 2023 Earnings Conference Call September 6, 2023 9:00 AM ET Company Participants Cody Cree - Director, IR Ann Joyce - Interim CEO Amy Sullivan - President and COO Mike Madden - EVP and CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group John Lawrence - Benchmark Operator Good morning everyone and thank you for participating in today's conference call to discuss Kirkland's Financial Results for the Second Quarter ended July 29th, 2023. Joining us toda ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 29, 2023 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______to ______. Commission file number: 000-49885 Kirkland's, Inc. (Exact name of registrant as specified in its charter) Tennessee 62-1287151 (State or other jurisdicti ...