Amy Sullivan was elected and Ann Joyce was re-elected to the Board of Directors (the "Board"). R. Wilson Orr, III and Steven J. Collins did not receive a majority of the votes cast, and each offered his resignation from the Board. The Board, after considering the shareholder vote, accepted the resignations, effective immediately, while acknowledging the significant contribution to the Company made by Messrs. Orr and Collins over their distinguished tenures. Also, effective immediately, the Board appointed M ...

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 May 4, 2024 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) incorporation or organization) 5310 Maryland Way ...

Exhibit 99.1 KIRKLAND'S HOME REPORTS FIRST QUARTER 2024 RESULTS NASHVILLE, Tenn. (June 6, 2024) — 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 Management Commentary Amy Sullivan, CEO of Kirkland's Home, said, "We are continuing to see progress on our strategic initiatives as demonstrated by our comparable sales growth of 2.8% in our bri ...

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 ...

Core Viewpoint - Kirkland's, Inc. is set to release its financial results for the first quarter of fiscal 2024 on June 6, 2024, and will host a conference call to discuss these results [1]. Group 1: Financial Results Announcement - The financial results will be released before market open on June 6, 2024 [1]. - A conference call is scheduled for 9:00 a.m. Eastern Time on the same day to discuss the results [1]. Group 2: Conference Call Details - The toll-free dial-in number for the conference call is 1-855-560-2577, with an international number of 1-412-542-4163 [2]. - Participants are advised to call 10-15 minutes prior to the start time for registration [2]. - A live audio webcast will be available online at the company's investor relations website [2]. Group 3: Replay Information - A recorded replay of the conference call will be available shortly after its conclusion [3]. - The telephone replay will be accessible through June 13, 2024, and the online replay will be available for one year [3]. Group 4: Company Overview - Kirkland's, Inc. operates 328 stores across 35 states in the U.S. and has an e-commerce platform [4]. - The company focuses on providing a curated selection of home décor and furnishings, emphasizing quality, stylish merchandise, and value pricing [4].

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 ...