KIRK - Kirkland's GAAP EPS of -$0.95 revenue of $96.88M

2023-06-08 07:02:32 ET

• Kirkland's press release ( NASDAQ: KIRK ): Q1 GAAP EPS of -$0.95.
• Revenue of $96.88M (-6.2% Y/Y).
• "During the first quarter, we placed renewed emphasis on our overall value proposition and better aligned the brand voice through improved marketing, promotional strategy and seasonally relevant décor," said Ann Joyce, interim CEO of Kirkland's Home. "While a challenging consumer spending environment continued to affect traffic during the quarter, we achieved positive comparable sales for the month of April as customers responded well to our promotions and omni-channel experience. Our merchandise margins began to expand during the quarter as the benefits of lower freight and product costs started to flow through our results, and we expect this to become more meaningful in the upcoming quarters.

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