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Last $23.86 USD
Change Today -0.39 / -1.61%
Volume 239.6K
KIRK On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

kirkland's inc (KIRK) Snapshot

Open
$24.35
Previous Close
$24.25
Day High
$24.35
Day Low
$23.52
52 Week High
02/6/15 - $26.79
52 Week Low
10/10/14 - $15.20
Market Cap
409.1M
Average Volume 10 Days
148.8K
EPS TTM
$1.00
Shares Outstanding
17.1M
EX-Date
--
P/E TM
23.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for KIRKLAND'S INC (KIRK)

kirkland's inc (KIRK) Related Businessweek News

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kirkland's inc (KIRK) Details

Kirkland’s, Inc. operates as a specialty retailer of home décor and gifts in the United States. The company’s stores provide various merchandise, including framed art, mirrors, wall décor, 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 in seasonal periods, as well as items that are suitable for gift-giving. The company operates its stores under the Kirkland’s, Kirkland’s Home, Kirkland’s Home Outlet, Kirkland’s Outlet, and The Kirkland Collection names in various off-mall venues comprising lifestyle centers, power strip centers, outlet centers, and freestanding locations, as well as enclosed malls. As of March 12, 2015, it operated a total of 344 stores in 35 states. The company also sells its products through its Web site, kirklands.com. Kirkland’s, Inc. was founded in 1966 and is headquartered in Nashville, Tennessee.

kirkland's inc (KIRK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $345.0K
Executive Vice President of Stores and Mercha...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

kirkland's inc (KIRK) Key Developments

Kirkland's Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2015; Provides Earnings Guidance for the First Quarter Ending May 2, 2015 and Full Year Ending January 30, 2016; Plans to Open 35 to 40 New Stores and Close 10 to 15 Stores

Kirkland's Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2015. For the quarter, the company reported net sales of USD 178.683 million compared to USD 156.073 million a year ago. Operating income was USD 25.182 million compared to USD 20.536 million a year ago. Income before income taxes was USD 25.190 million compared to USD 20.540 million a year ago. Net income was USD 15.554 million compared to USD 12.326 million a year ago. Diluted earnings per share were USD 0.87 compared to USD 0.69 a year ago. Comparable store sales for the fourth quarter of fiscal 2014, including e-commerce sales, increased 8.2% compared with flat comparable store sales in the prior-year quarter. For the full year, the company reported net sales of USD 507.621 million compared to USD 460.563 million a year ago. Operating income was USD 28.641 million compared to USD 23.992 million a year ago. Income before income taxes was USD 28.820 million compared to USD 23.959 million a year ago. Net income was USD 17.814 million compared to USD 14.530 million a year ago. Diluted earnings per share were USD 1.00 compared to USD 0.82 a year ago. Net cash provided by operating activities was USD 44.488 million compared to USD 39.213 million a year ago. Comparable store sales for fiscal 2014, including e-commerce sales, increased 6.1% compared with a 0.5% increase in fiscal 2013. Capital expenditures were USD 29.6 million. This reflects approximately USD 14.5 million for new store openings; USD 9.3 million in IT and e-commerce investments; USD 2.9 million in existing store investments and maintenance; USD 2.6 million related to corporate headquarters office. The company issued guidance for the first quarter ending May 2, 2015, of net income of USD 0.09 to USD 0.12 per diluted share, excluding a USD 0.02 per diluted share charge related to the retirement of the company's previous CEO. Net sales are expected to be in the range of USD 117 million to USD 118 million with a comparable store sales increase in the range of 2% to 3%. For the 52-week period ending January 30, 2016 total sales for fiscal 2015 are expected to increase approximately 10% to 12% compared with fiscal 2014. This level of sales performance would imply a comparable store sales increase of approximately 3% to 5% for fiscal 2015. The Company expects fiscal 2015 earnings per share to be in the range of USD 1.15 to USD 1.20, excluding a USD 0.02 per diluted share charge related to the retirement of the Company's previous CEO. The Company expects its full year tax rate to be approximately 39%. Capital expenditures in fiscal 2015 are estimated to range between USD 27 million and USD 29 million compared with USD 30 million in fiscal 2014. Based on the above assumptions, the Company expects to generate positive cash flow in fiscal 2015. The company expects gross margin to remain relatively flat. For the 52-week period ending January 30, 2016 the Company expects to achieve approximately 8% to 10% square footage growth with 35 to 40 new store openings and 10 to 15 store closings. New store openings are expected to be weighted toward the second and third quarters of the year, and store closings are expected to be spread evenly throughout the year. To date in the 2015 first quarter, the Company had 558 store days closed or shortened due to severe winter weather compared with 315 store days in the prior year period. The Company expects to open 1 store and close approximately 3 stores during the quarter.

Kirkland's Inc. Reports Sales Results for the Year Ended January 31, 2015

Kirkland's Inc. reported sales results for the year ended January 31, 2015. For the year, comparable store sales, including e-commerce sales, increased 6.1% compared to an increase of 0.5% for the same period last year. Net sales were $507.6 million, an increase of 10.2%, compared to $460.6 million for the same period last year.

Kirkland's, Inc. Reports Sales Results for the Thirteen Weeks Period Ended January 31, 2015; Revises Earnings Guidance for the Fourth Quarter of Fiscal 2014 and Provides Earnings Guidance for the Year 2015

Kirkland's Inc. reported sales results for the thirteen weeks period ended January 31, 2015. For the 13 weeks ended January 31, 2015, the company's net sales increased 14.5% to $178.7 million compared with $156.1 million for the same period a year ago. Comparable store sales for the fourth quarter of fiscal 2014, including e-commerce sales, rose 8.2% compared with a flat performance in the prior-year quarter. Based on these results, the company's increased its guidance for the fourth quarter of fiscal 2014 to earnings of $0.84 to $0.87 per diluted share compared with previous guidance of $0.77 to $0.84. The company now expects fiscal 2014 earnings in the range of $0.97 to $1.00 per diluted share compared with previous full year guidance of $0.90 to $0.97. Overall, the company believe the company are well positioned to deliver earnings growth of 15% to 20% for 2015 as the company begin to fully capture investments in people and technology.

 

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Industry Analysis

KIRK

Industry Average

Valuation KIRK Industry Range
Price/Earnings 24.2x
Price/Sales 0.8x
Price/Book 2.8x
Price/Cash Flow 11.4x
TEV/Sales 0.6x
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