Financial Performance - Net sales decreased by 8.0% to $114.8 million for the 13-week period ended July 31, 2021, compared to $124.7 million for the same period in the prior year[65]. - Net income for the second 13 weeks of fiscal 2021 was $0.6 million, or $0.04 per diluted share, compared to a net loss of $9.4 million, or $0.66 per diluted share, for the same period in the prior year[72]. - Net sales increased by 18.0% to $238.4 million for the first 26 weeks of fiscal 2021 compared to $202.0 million for the prior year period[74]. - Net income for the first 26 weeks of fiscal 2021 was $2.3 million, or $0.15 per diluted share, compared to a net loss of $16.8 million, or $1.20 per diluted share, in the prior year[79]. Sales and Comparable Sales - Comparable sales, including e-commerce, decreased by 5.2%, or $6.2 million, for the second 13 weeks of fiscal 2021[65]. - E-commerce comparable sales decreased by 12.6% due to high demand in the prior year period related to the COVID-19 pandemic[66]. - Comparable sales, including e-commerce, increased by 24.6% for the first 26 weeks of fiscal 2021, despite a $10.3 million decrease from permanently closed stores[74]. - E-commerce comparable sales increased by 10.3% for the first 26 weeks of fiscal 2021, contributing to overall sales growth[74]. Gross Profit and Operating Income - Gross profit as a percentage of net sales increased by 600 basis points from 28.6% to 34.6% for the same 13-week periods[67]. - Gross profit margin improved by 1,070 basis points from 22.8% to 33.5% due to favorable store occupancy costs and merchandise margin[75]. - Operating income turned positive at $2.3 million for the first 26 weeks of fiscal 2021, compared to a loss of $32.9 million in the prior year[74]. Expenses and Costs - Compensation and benefits as a percentage of net sales increased by approximately 270 basis points from 16.2% to 18.9% due to increased store labor costs[68]. - Other operating expenses as a percentage of net sales increased by approximately 320 basis points from 10.9% to 14.1% primarily due to increased advertising expenses[69]. - Compensation and benefits as a percentage of net sales decreased from 19.2% to 17.1% due to sales leverage[76]. Store Operations - The company permanently closed six store locations and opened two new store locations during the 26-week period ended July 31, 2021[63]. - The company anticipates additional store closures and limited store openings as part of its store optimization strategy[63]. Cash Flow and Investments - Cash used in operating activities was approximately $38.2 million for the first 26 weeks of fiscal 2021, compared to cash provided of $2.8 million in the prior year[89]. - Net cash used in investing activities for the first 26 weeks of fiscal 2021 was $3.4 million, down from $5.6 million in the prior year period[90]. - Capital expenditures included $1.565 million for technology and omni-channel projects, $0.785 million for distribution center enhancements, and $0.675 million for new stores[90]. - Net cash used in financing activities was $13.5 million, primarily for the repurchase of common stock[91]. Financial Position and Credit - As of July 31, 2021, the company had approximately $45.2 million in cash and cash equivalents, with $65.0 million available for borrowing under the Credit Agreement[96][95]. - The company completed a share repurchase plan of $20 million, with approximately $6.5 million remaining as of July 31, 2021[97]. - The company had no outstanding borrowings under its Credit Agreement as of July 31, 2021, and was in compliance with all covenants[95][108]. - The Credit Agreement includes a $75 million senior secured revolving credit facility with a maturity date of December 2024[92]. Risk Factors - The company is exposed to risks from public health issues, including the ongoing COVID-19 pandemic, which could materially affect its business[106]. - A 1% increase or decrease in interest rates on borrowings would not have a material impact on the company's results of operations[108]. - The company anticipates that its cash balances and cash flow from operations will be sufficient to fund planned capital expenditures for at least the next twelve months[96].

Kirkland's, Inc. (NASDAQ:KIRK) Q1 2021 Earnings Conference Call June 1, 2021 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners Woody Woodward - Chief Executive Officer Nicole Strain - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Anthony Lebiedzinski - Sidoti & Company John Lawrence - Benchmark Operator Good morning, and welcome to Kirkland's First Quarter 2021 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] ...

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 1, 2021 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 jurisdiction ...

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 January 30, 2021 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 charter) Tennessee 62-1287151 (Stat ...

Kirkland’s Inc. (NASDAQ:KIRK) Q4 2020 Earnings Conference Call March 12, 2021 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners Woody Woodward - Chief Executive Officer Nicole Strain - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group John Lawrence - Baraboo Growth Operator Good morning, and welcome to Kirkland's Fourth Quarter 2020 Earnings Call. All participants will be in listen-only mode. [Operator Instructions]After today’s presentation there w ...

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 31, 2020 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) Q3 2020 Results Earnings Conference Call December 3, 2020 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners, IR Woody Woodward - Chief Executive Officer Nicole Strain - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group John Lawrence - Baraboo Growth Chris Sakai - Singular Research Matt Schwartz - MAZE Investments Operator Good morning. And welcome to the Kirkland's Third Quarter 2020 Earnings Conference Call. All parti ...

Kirkland's, Inc. (NASDAQ:KIRK) Q2 2020 Earnings Conference Call September 3, 2020 9:00 AM ET Company Participants Tripp Sullivan - SCR Partners Woody Woodward - Chief Executive Officer Nicole Strain - Chief Financial Officer Conference Call Participants John Lawrence - Baraboo John Lewis - Osmium Partners Operator Good morning and welcome to Kirkland's Second Quarter 2020 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] I would now like to turn the conference ...

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 August 1, 2020 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 jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended May 2, 2020 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 jurisdiction ...