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Last $26.51 USD
Change Today -0.13 / -0.49%
Volume 50.3K
KIRK On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 12:08 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

kirkland's inc (KIRK) Snapshot

Open
$26.55
Previous Close
$26.64
Day High
$26.87
Day Low
$26.26
52 Week High
05/21/15 - $28.44
52 Week Low
10/10/14 - $15.20
Market Cap
459.0M
Average Volume 10 Days
262.2K
EPS TTM
$1.04
Shares Outstanding
17.3M
EX-Date
06/3/15
P/E TM
25.5x
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 arts, mirrors, wall décors, 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 May 21, 2015, it operated 342 stores in 35 states. The company also sells its products through its kirklands.com Website. Kirkland’s, Inc. was founded in 1966 and is based in Brentwood, Tennessee.

6,312 Employees
Last Reported Date: 04/14/15
Founded in 1966

kirkland's inc (KIRK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $366.5K
Chief Financial Officer and Vice President
Total Annual Compensation: $198.3K
Executive Vice President of Stores and Mercha...
Total Annual Compensation: $316.9K
Compensation as of Fiscal Year 2014.

kirkland's inc (KIRK) Key Developments

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

Kirkland's Inc. announced unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, the company reported net sales of $118,310,000 compared to $108,255,000 a year ago. Operating income was $4,097,000 compared to $3,359,000 a year ago. Income before income taxes was $4,082,000 compared to $3,372,000 a year ago. Net income was $2,529,000 compared to $2,055,000 a year ago. Diluted earnings per share were $0.14 compared to $0.12 a year ago. Net cash used in operating activities was $616,000 against net cash provided by operating activities of $221,000 a year ago. Comparable store sales, including e-commerce sales, increased 3.0% compared with a comparable store sales increase of 5.0% in the prior-year quarter. Adjusted net income increased 41% to $2.9 million or $0.16 per diluted share. Capital expenditures were $2.7 million for the first quarter primarily due to existing store enhancements and continued investments in its e-commerce business. For the year ending January 30, 2016, total sales 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 now expects adjusted fiscal 2015 earnings per diluted share to be in the range of $1.18 to $1.23, excluding a $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 $27 million and $29 million compared with $30 million in fiscal 2014. Based on the these assumptions, the company expects to generate positive cash flow excluding the special dividend and share repurchases. The company expects gross profit margin to remain relatively flat. The company issued guidance for the second quarter ending August 1, 2015, for a loss of $0.10 to $0.13 per diluted share.  Net sales are expected to be in the range of $115 million to $116 million with a comparable store sales increase in the range of 5% to 7%. Historically, the company's second quarter sales and margins are sequentially lower than the first quarter due to traffic patterns and typical promotional activity. The company expects an unfavorable comparison to the second quarter of 2014 due to the reversal of a shrinkage accrual in the year ago quarter, which provided a benefit to that quarter amounting to $0.02 per diluted share. Gross profit margin is anticipated to be down modestly as compared to the prior year. 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. Additionally, during the second quarter of 2015, the company plans to open a net total of 14 stores versus four in the prior-year quarter, which will result in higher pre-opening expenses for the quarter.

Kirkland's Inc. Announces Special Cash Dividend, Payable on June 19, 2015

Kirkland's Inc. announced that its Board of Directors has authorized a special cash dividend of $1.50 per share on its common stock. The special dividend will be paid on June 19, 2015 to stockholders of record as of the close of business on June 5, 2015.

Kirkland's Inc. Proposes the Amendments to its Amended and Restated Charter

Kirkland's Inc. at its annual meeting of shareholders to be held on June 4, 2015, proposed the amendments to the Amended and Restated Charter of the company to adopt majority voting in uncontested director elections.

 

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Industry Analysis

KIRK

Industry Average

Valuation KIRK Industry Range
Price/Earnings 25.6x
Price/Sales 0.9x
Price/Book 3.0x
Price/Cash Flow 12.0x
TEV/Sales 0.7x
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