Kirkland

The company will post profits on Friday March 12th

Kirkland’s, Inc. (NASDAQ: KIRK) is an American retailer that sells home decor, furniture, textiles, accessories and gifts. KIRK currently operates 372 stores in 35 states as well as an e-commerce website. Kirkland’s stores also offer a wide variety of merchandise, including framed art, mirrors, candles, lamps, picture frames, accent rugs, garden supplies and artificial flower products, as well as seasonal merchandise.

KIRK has seen unfathomable growth over the past year. Equity has increased by over 2300% compared to the previous year and has increased by 4269.6% compared to the multi-year low of USD 0.56. KIRK stocks are cooling off from their record high of $ 32.69 on March 2, although support at the 600-day moving average has included most of that pullback.

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Last month, on February 19th, Kirklands released its preliminary results for the fourth quarter. In its press release, KIRK stated that earnings per share should be between $ 1.30 and $ 1.40. The Company also expects comparable sales growth of 1.8%, including e-commerce growth of 35.5%. Due to the closure of 59 branches, sales of approximately USD 195.0 million were estimated compared to USD 209.4 million in the previous year. K.irkland’s also indicated an estimated cash balance of $ 100 million with no outstanding debt at the end of 2020 and total liquidity of $ 140 million. KIRK will publish its fourth quarter results before the market opens on Friday March 12th.

Kirkland’s has only exceeded earnings expectations once in its four most recent earnings reports. For the fourth quarter of 2019, KIRK missed analysts’ estimates by a margin of $ 0.12 and reported earnings per share (EPS) of – $ 0.53. For the second quarter of 2020, Kirkland’s cut its earnings per share to – $ 1.05 and fell short of expectations with a margin of $ 0.34. For the third quarter of 2020, the company posted earnings up to $ 0.58 per share but failed to meet analyst expectations with a margin of $ 0.08. In the company’s most recent quarterly report, Kirkland reported earnings per share of $ 0.82, beating expectations with a huge margin of $ 1.12.

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