Market Overview

UPDATE: Kirkland's Q4 Earnings Drop 6.1%

Share:
Related KIRK
EVA Dimensions Upgrades Kirkland's To Overweight
Benzinga's Top Upgrades
InsiderInsights.com Daily Round Up 3/30/15: VEEV, VNCE, PRSS, OGS (Seeking Alpha)

Kirkland's (NASDAQ: KIRK) reported a 6.1% drop in its fiscal fourth-quarter earnings.

Kirkland's quarterly profit fell to $14.3 million, from $15.2 million, in the year-ago period. On a per-share basis, its earnings climbed to $0.82 from $0.78.

Its sales climbed 9.2% to $162.9 million. The company in November had projected earnings of $0.71 to $0.76 per share on revenue of $160 million to $163 million.

Its gross margin declined to 40.6% from 43%.

For the new year, Kirkland's expects earnings of $0.70 to $0.85 per share on revenue growth of 5% to 7%. However, analysts projected earnings of $0.84 per share on revenue growth of 6%.

Kirkland's shares dropped 3.04% to $11.15 in pre-market trading.

Posted-In: EarningsEarnings News Guidance

 

Related Articles (KIRK)

Around the Web, We're Loving...