Kirkland's (KIRK) Tops Q1 EPS by 10c, Beats on Revenues; Offers FY EPS Guidance

Kirkland's (NASDAQ: KIRK) reported Q1 EPS of $0.00, $0.10 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $142.5 million versus the consensus estimate of $140.33 million.

"We are pleased with our first quarter results," said Mike Cairnes, Acting Chief Executive Officer. "Kirkland's achieved record sales in the quarter driven by continued momentum in our e-commerce business and gains in both conversion and average ticket in store. We improved our performance year-over-year as we gained traction in product margin through improved discipline and use of analytics while managing our costs. In addition, we continue to enhance our customer experience and deliver new and exciting products as we optimize operating efficiency. I am proud of the way our team is coming together, and I am optimistic about the prospect of improving financial performance and long-term value for shareholders."

Fiscal 2018 Outlook

Kirkland's is reaffirming its fiscal 2018 outlook and all other assumptions provided on March 16, 2018 for diluted earnings per share on a GAAP basis in the range of $0.50 to $0.60, inclusive of CEO transition charges.

GUIDANCE:

Kirkland's sees FY2018 EPS of $0.50-$0.60.

For earnings history and earnings-related data on Kirkland's (KIRK) click here.

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