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Stock impact report

KIRKLAND'S HOME REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS [Yahoo! Finance]

Kirkland's, Inc. (KIRK) 
Last kirkland's, inc. earnings: 9/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kirklands.com
Company Research Source: Yahoo! Finance
décor and furnishings, announced financial results for the 14-week and 53-week periods ended February 3, 2024 Fourth Quarter 2023 Summary Net sales were $165.9 million , with comparable sales on a 13-week comparison increasing 1.7%. Gross profit margin of 32.0%. Operating income of $10.7 million , a $13.9 million improvement quarter-over-quarter. Operating cash flow of $28.2 million Adjusted EBITDA of $14.2 million Closed 9 stores during the period. Ended the year with a cash balance of $3.8 million and $34.0 million in outstanding debt. Fiscal Year 2023 Summary Net sales were $468.7 million , with comparable sales on a 52-week comparison decreasing 4.8%. Gross profit margin of 27.1%. Operating loss of $24.4 million , an $18.3 million improvement year-over-year. Adjusted EBITDA of $(8.4) million Closed 16 stores and relocated one store to end the year with 330 stores. Management Commentary "Fiscal 2023 was a year of significant change across our entire Show less Read more
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