Kirkland's(US:KIRK)2025-02-18 12:11Financial Performance - For Q4 fiscal 2024, the company expects net sales of approximately $148 million, with comparable brick-and-mortar store sales growth of 1.6% and a consolidated comparable sales decline of approximately 0.6%[5] - The company anticipates net income of approximately $7.9 million and diluted earnings per share of approximately $0.50, based on a total share count of approximately 15.8 million shares[5] - The company reported adjusted EBITDA of approximately $12.0 million for Q4 fiscal 2024, reflecting ongoing efforts to improve operational performance[5] E-commerce Strategy - E-commerce sales declined by 7.9% compared to Q4 fiscal 2023, indicating a need for optimization in this channel[5] - The company aims to enhance e-commerce performance by eliminating non-profitable SKUs and reallocating inventory to maximize Buy Online Pick-up In Store (BOPIS) capabilities[4] - The company is exploring opportunities to expand e-commerce distribution in furniture, patio, and rugs to drive average order value[4] Store Performance and Optimization - The company has identified approximately 6% of its stores as underperforming and is taking actions such as converting or closing these locations to improve profitability[4] Capital Management - As of February 17, 2025, the company had $41.9 million in outstanding borrowings and letters of credit under its revolving credit facility[5] - The company is committed to a disciplined approach to capital allocation to maximize liquidity and support its path to profitability[3] Brand Strategy - Kirkland's Home brand will be leveraged as the exclusive private label assortment in Bed Bath & Beyond stores, expanding its reach to new customers[4]