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Kirkland's (KIRK)
NASDAQ:KIRK
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.75Last Year’s EPS
$0.78Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 06, 2024
|% Change Since: -14.36%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a positive shift in operational efficiency and strategic repositioning with improvements in gross profit margin, customer traffic, and inventory management. However, significant challenges remain with declining net sales and negative adjusted EBITDA. The sentiment is cautiously optimistic as the company executes its turnaround strategy.Company Guidance
During the third-quarter 2024 earnings call for Kirkland's, the company provided several key metrics and guidance updates. The call highlighted sequential improvements in traffic and comparable sales, with traffic declines improving from 14% in August to 4% in October, and comparable sales improving from a 13% decline in August to a 6% decline in October. Gross profit margin increased by 130 basis points to 26.3%, driven by a merchandise margin improvement of 110 basis points. Additionally, Kirkland's saw a 20% increase in lapsed customer reactivations and an 8% sales increase in the decorative accessories category. The company reported a 17% reduction in inventory levels compared to the previous year and reduced operating expenses by over $2 million. Looking ahead, Kirkland's expects a low single-digit increase in comparable sales and further improvements in merchandise margins in the fourth quarter.Improved Gross Profit Margin
Gross profit margin increased by 130 basis points to 26.3% compared to 25% in the previous year, driven by a 110 basis point increase in merchandise margin and decreased central distribution costs.
Sequential Improvement in Comparable Sales
Comparable sales improved from a decline of 13% in August to 6% in October, showing a monthly sequential improvement throughout the quarter.
Cost Reduction Success
Operating expenses were reduced by over $2 million compared to the prior year, reflecting effective cost containment strategies.
Increased Customer Engagement
A 20% increase in lapsed customer reactivations and a significant improvement in e-commerce traffic decline from negative 17% to negative 3%.
Inventory Management
Inventory levels decreased by 17% compared to the previous year, improving supply chain efficiency and positioning for the holiday season.
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KIRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KIRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 06, 2024 | $2.02 | $1.98 | -1.98% |
| Sep 05, 2024 | $1.52 | $1.54 | +1.32% |
| Jun 06, 2024 | $2.19 | $1.87 | -14.61% |
| Mar 21, 2024 | $2.50 | $2.56 | +2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kirkland's (KIRK) report earnings?
Kirkland's (KIRK) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is Kirkland's (KIRK) earnings time?
Kirkland's (KIRK) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KIRK EPS forecast?
KIRK EPS forecast for the fiscal quarter 2024 (Q4) is $0.75.
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