KIRK - Why Kirkland's Shares Are Slipping Today? | Benzinga
Kirkland's Inc (NASDAQ: KIRK) shares are trading lower by over 8% after the company reported weaker-than-expected Q2 FY23 results.
Sales of $89.5 million missed the consensus of $91.86 million.
Comparable same-store sales decreased by 9.7%, including a 16.6% Y/Y decline in e-commerce sales on a drop in traffic and average tickets.
Gross profit margin expanded to 19.5% from 18.1% a year ago on improved merchandise margin.
Adjusted EBITDA loss improved to $(13.5) million from $(16.4) million the prior year.
Adjusted ...