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Kirkland’s Provides Update on First Quarter 2013 Results



  Kirkland’s Provides Update on First Quarter 2013 Results

Announces First Quarter Release Dates and Presentation at Baird’s Growth Stock
                                  Conference

Robert W. Baird Growth Stock Conference 2013

Business Wire

NASHVILLE, Tenn. -- May 6, 2013

Kirkland’s, Inc. (NASDAQ: KIRK) today provided an update on expected results
for the 13-week period ended May 4, 2013.

Kirkland’s expects to report net sales, comparable store sales and net income
for the 13 weeks ended May 4, 2013, at the high end of its previous guidance
range. The Company’s prior guidance for the first quarter of fiscal 2013 was
as follows: net sales in the range of $99 million to $101 million; a
comparable store sales decrease of 5% to 3%; and net income of $0.02 to $0.05
per diluted share. For the first quarter of fiscal 2012, the Company reported
net sales of $97.8 million; a comparable store sales decrease of 1.2%; and net
income of $0.10 per diluted share. Kirkland’s opened 1 store and closed 7
during the first quarter of fiscal 2013, bringing the total number of stores
to 317 at quarter end.

First Quarter 2013 Investor Conference Call and Web Simulcast

Kirkland’s will issue its sales and earnings results for the first quarter
before the market opens on Thursday, May 23, 2013, and will host a conference
call on the same day at 11 a.m. ET. The number to call for the interactive
teleconference is (212) 231-2919. A replay of the conference call will be
available through Thursday, May 30, 2013, by dialing (402) 977-9140 and
entering the confirmation number, 21646240.

A live broadcast of Kirkland’s quarterly conference call will be available
online at the Company’s website www.kirklands.com under Investor Relations or
http://www.videonewswire.com/event.asp?id=93882 on May 23, 2013, beginning at
11 a.m. ET. The online replay will follow shortly after the call and continue
for one year.

Baird 2013 Growth Stock Conference Participation

Kirkland’s also announced that it will be making a presentation at Baird’s
2013 Growth Stock Conference being held at the Four Seasons Hotel in Chicago,
Illinois. The Company’s presentation will take place on Tuesday, May 7, 2013,
from 11:30 a.m. - 12:00 p.m. CT, with a brief breakout session immediately
following.

The live simulcast of Kirkland’s presentation will be available online at the
Company’s website, www.kirklands.com, and at
http://wsw.com/webcast/baird34/kirk/. The online replay will be available
shortly after the presentation and will continue for 90 days following the
conference.

Kirkland’s, Inc. was founded in 1966 and is a specialty retailer of home décor
in the United States. Although originally focused in the Southeast, the
Company has grown beyond that region and currently operates 317 stores in 35
states. The Company’s stores present a broad selection of distinctive
merchandise, including framed art, mirrors, candles, lamps, picture frames,
accent rugs, garden accessories and artificial floral products. The Company’s
stores also offer an extensive assortment of gifts, as well as seasonal
merchandise. More information can be found at www.kirklands.com.

Forward-Looking Statements

Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which may cause
Kirkland’s actual results to differ materially from forecasted results. Those
risks and uncertainties include, among other things, the competitive
environment in the home décor industry in general and in Kirkland’s specific
market areas, inflation, product availability and growth opportunities,
seasonal fluctuations, and economic conditions in general. Those and other
risks are more fully described in Kirkland’s filings with the Securities and
Exchange Commission, including the Company’s Annual Report on Form 10-K filed
on April 18, 2013. Kirkland’s disclaims any obligation to update any such
factors or to publicly announce results of any revisions to any of the
forward-looking statements contained herein to reflect future events or
developments.

Contact:

Kirkland’s, Inc.
W. Michael Madden, 615-872-4800
Senior Vice President & CFO
or
Corporate Communications, Inc.
Tripp Sullivan, 615-324-7335
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