Kirkland's (KIRK) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Kirkland's (KIRK) reported quarterly earnings results on Tuesday, May-24-2016. The company reported $0.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.09. The company posted revenue of $129.90 million in the period, compared to analysts expectations of $132.32 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Kirkland's opened for trading at $13.43 and hit $13.73 on the upside on Friday, eventually ending the session at $13.71, with a gain of 2.93% or 0.39 points. The heightened volatility saw the trading volume jump to 97,161 shares. Company has a market cap of $216,385 M.

In a different news, on Jul 22, 2015, Robert E Alderson (director) sold 9,005 shares at $27.48 per share price. According to the SEC, on Jun 19, 2015, W Michael Madden (President and CEO) sold 12,000 shares at $25.86 per share price. On Apr 20, 2015, Carl Kirkland (director) sold 138,100 shares at $23.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Kirkland’s Inc. is a retailer of home decor and gifts in the United States. As of January 31 2015 the Company operated 344 stores in 35 states as well as an e-commerce enabled Website. The Company’s stores present a line of merchandise including framed art mirrors wall decor candles and related items lamps decorative accessories accent furniture textiles garden-related accessories and artificial floral products. Its stores also offer an assortment of holiday merchandise during seasonal periods as well as items carried throughout the year suitable for gift-giving. Its stores operate under the names such as Kirkland’s Kirkland’s Home Kirkland’s Home Outlet Kirkland’s Outlet and The Kirkland Collection. The Company operates in metropolitan markets such as Houston Texas and Atlanta Georgia; middle markets such as Nashville Tennessee and Kansas City Missouri and smaller markets such as Lafayette Louisiana and Amarillo Texas.


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