Kirkland's (KIRK) Releases Earnings Results, Beats Expectations By $0.05 EPS

Kirkland's (KIRK) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. KIRK said it had a profit of $-0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.10. The company posted revenue of $138.24 million in the period, compared to analysts expectations of $137.50 million. KIRK’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Kirkland's closed down -0.09 points or -0.64% at $13.95 with 1,12,234 shares getting traded on Monday. Post opening the session at $13.93, the shares hit an intraday low of $13.37 and an intraday high of $14.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 18, 2016, Carl Kirkland (director) sold 30,182 shares at $14.06 per share price. According to the SEC, on Jun 27, 2016, Wilson R Iii Orr (director) sold 5,000 shares at $15.00 per share price. On Jul 22, 2015, Robert E Alderson (director) sold 9,005 shares at $27.48 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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