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 ...

Kirkland's, Inc. (NASDAQ:KIRK) Q1 2020 Earnings Conference Call June 4, 2020 9:00 AM ET Company Participants Trip Sullivan - Investor Relations Woody Woodward - Chief Executive Officer Nicole Strain - Chief Financial Officer Conference Call Participants John Lawrence - Baraboo Growth Operator Good day. And welcome to Kirkland's First Quarter 2020 Earnings Call [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference call over to Trip Sullivan of Investor Rel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2020 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. Washington, D.C. 20549 Form 10-K (Mark One) (Exact name of registrant as specified in its charter) Tennessee 62-1287151 (Stat ...

Kirkland's, Inc. (NASDAQ:KIRK) Q4 2019 Earnings Conference Call March 13, 2020 9:00 AM ET Company Participants Jeff Black - Investor Relations at SCR Woody Woodward - Chief Executive Officer Nicole Strain - Chief Financial Officer Conference Call Participants John Lawrence - Baraboo Operator Good morning. And welcome to Kirkland's 2019 Fourth Quarter Earnings Call [Operator Instructions]. Please also note today's event is being recorded. I would now like to turn the conference call over to Jeff Black of Inv ...

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 November 2, 2019 ¨ 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 ...

Financial Data and Key Metrics Changes - Net sales for Q3 2019 decreased by 6.2% or $9.6 million compared to the same quarter in the prior year, with comparable store sales down by 6.4% [29] - Gross profit margin decreased by 250 basis points to 27.7%, with merchandise margin down by 360 basis points to 51.8% due to product mix and increased discounting [32] - The company recorded a net loss of $1.61 per diluted share, compared to a net loss of $0.18 per diluted share in the prior year [39] Business Line Data and Key Metrics Changes - E-commerce revenue increased by 25.9%, accounting for $23.5 million or approximately 16% of total revenue, while brick-and-mortar sales experienced a double-digit decline [29][31] - E-commerce sales fulfillment in-store accounted for over 53% of e-commerce sales, indicating a shift towards a more profitable omni-channel model [31][20] Market Data and Key Metrics Changes - Brick-and-mortar traffic remained weak, primarily driving the decline in comparable store sales, influenced by macro channel shifts and a promotional environment [30] - Store occupancy costs deleveraged by 25 basis points due to the decline in brick-and-mortar sales, with ongoing efforts to renegotiate leases and close underperforming stores [34] Company Strategy and Development Direction - The company is focusing on transforming its business model to support profitability through better merchandising, marketing, and supply chain efficiency [17][18] - Plans include optimizing the store footprint, enhancing e-commerce capabilities, and implementing a direct sourcing model to improve margins [18][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in Q3 but expressed optimism about progress in key areas and the potential for improved profitability in 2020 and beyond [46] - The company expects to end the year in a net positive cash position and is focused on lowering occupancy and operating costs [15][41] Other Important Information - The company recorded an impairment charge of $3.4 million related to 17 store impairments and a tax valuation allowance of $11.3 million due to estimated pre-tax losses [38] - Capital expenditures were reduced to $12.8 million compared to $25 million in the prior year, with a focus on e-commerce and supply chain initiatives [44] Q&A Session Summary - No specific questions or answers were documented in the provided content, indicating the conclusion of the conference call without a detailed Q&A segment [48]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of registrant as specified in its charter) Tennessee 62-1287151 (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization) 5310 Maryland Way 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 August 3, 2019 or ¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the t ...

Financial Data and Key Metrics Changes - Net sales for Q2 decreased by 10.5% or $14 million compared to the prior year, with a comparable store sales decrease of 11.2% [32] - E-commerce revenue increased by 21.5%, contributing approximately 17% of total revenue, while brick-and-mortar sales experienced a double-digit decline [32][33] - Gross profit margin decreased by 530 basis points to 22.2%, primarily due to de-leverage in store occupancy and distribution costs [35] - Net loss for the quarter was $1.21 per diluted share, compared to a net loss of $0.43 per diluted share in the prior year [41] Business Line Data and Key Metrics Changes - E-commerce sales reaccelerated in Q2, with increases in both traffic and conversion rates [9] - New product categories, including rugs and tabletop assortments, performed well, with margins above plan due to a high proportion of full-price sales [10][11] - Bedding category is set to launch in September, aiming to improve merchandising across the chain [11] Market Data and Key Metrics Changes - Brick-and-mortar stores continued to see double-digit declines in traffic, contributing to overall sales decline [33] - Approximately 60% of e-commerce sales were fulfilled in-store, supporting the initiative to drive online sales [34] Company Strategy and Development Direction - The company is focused on transforming its business model to improve brand vibrancy and return to profitable long-term growth [8] - Key pillars of the strategy include merchandising improvements, omnichannel growth, infrastructure enhancement, and disciplined capital management [14][17] - Plans to optimize store structure and renegotiate leases to improve profitability, with potential store closures being considered [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenging trends in the business, particularly in brick-and-mortar traffic, but expressed optimism about new product launches and e-commerce growth [8][31] - The company expects to return to profitability in 2020, contingent on the successful execution of its initiatives [60] Other Important Information - The company recorded an impairment charge of $2 million related to four stores, and plans to reduce operating costs by $10 million in 2019 [41][30] - Inventory increased by approximately 13% year-over-year, attributed to new product categories and soft sales in previous quarters [43] Q&A Session Summary Question: Trends in Q3 compared to Q2 - Management noted that August trends were consistent with previous patterns, but there was an uptick in early September, though caution was advised [51] Question: Marketing spending plans - Marketing efforts are focused on digital increases and engaging existing customers to promote new categories, with a conservative budget approach [52] Question: Potential store closures - Less than 10% of the store base is currently EBITDA negative, with plans to address unprofitable stores through lease negotiations and potential closures [54][58] Question: Handling excess inventory - Half of the excess inventory is intentional for new categories, while the other half is due to sales plan mixing; management expressed confidence in inventory relevance [66] Question: Cost reductions for the second half - The company is on track to achieve $10 million in cost reductions, with expectations for a balanced split between Q3 and Q4 [70] Question: Changes to website and in-store merchandise - New product categories have been well received, and ongoing improvements to the e-commerce experience are expected to drive sales [72][75] Question: Gross margin expectations for the second half - Guidance indicates that sales and margin trends will remain consistent with the previous year through the second half [77]

Kirkland's, Inc. (NASDAQ:KIRK) Q1 2019 Earnings Conference Call June 6, 2019 9:00 AM ET Company Participants Jeff Black - Investor Relations Woody Woodward - Chief Executive Officer Mike Cairnes - President and Chief Operating Officer Nicole Strain - Interim Chief Financial Officer Conference Call Participants Jeff Van Sinderen - B. Riley FBR Anthony Lebiedzinski - Sidoti & Company Brad Thomas - KeyBanc Operator Good morning and welcome to the KirklandÂ's First Quarter 2019 Conference Call. [Operator Instru ...