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KIRK - Kirkland's Inc.: Stabilizing Sales Outlook Might Not Be Good Enough
Kirkland's Inc.
Kirkland's reported Q2 results which beat expectations, although the trend in sales remains weak, which has added to poor sentiment towards the stock.
The company is targeting positive same-store sales going forward with a turnaround strategy based on retrenching its retail footprint while focusing on margins.
While the company benefits from overall solid fundamentals including a strong balance sheet and ongoing profitability, weak growth likely limits the upside in the stock.