IK Investor Presentation November 2021 Safe Harbor Statement Except for historical information contained herein, the statements in this presentation, including all statements related to future initiatives, financial goals and expectations or beliefs regarding any future period, are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Kirkland's act ...

Kirkland's, Inc. (NASDAQ:KIRK) Q2 2021 Results Earnings Conference Call September 2, 2021 9:00 AM ET Company Participants Cody Slach - External Director, Investor Relations Steve Woodward - President and Chief Executive Officer Nicole Strain - Executive Vice President and Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Anthony Lebiedzinski - Sidoti & Company John Lawrence - Benchmark Operator Good morning, everyone. And thank you for participating in today's ...

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 ...