KIRK - Why Home Furnishings Retailer Kirkland's Shares Are Gaining Today | Benzinga
Kirkland’s Inc (NASDAQ:KIRK) shares are trading higher after the company reported fourth-quarter FY23 results.
Revenue of $165.9 million, missing the consensus of $167.2 million. The net sales increase on year was primarily driven by $6.6 million of net sales for the 53rd week of fiscal 2023 and growth in same-store sales, partially offset by the impact of store closures.
On a 13-week comparison, comparable same-store sales increased 1.7%, including an 8.3% decline in e-commerce sales on higher store traffic and conversion, partly offset by a decreased average ticket.
Gross profit margin expanded ...