KIRK - Kirkland's sees e-commerce offset store revenue drop

Kirkland's (KIRK) posts preliminary Q4 results ahead of the retailer's full earnings report on March 12. Kirkland's expects to reports sales of $195M vs $191M consensus, comparable sales of +1.8% vs. -4.0% consensus and EPS of $1.35 to $1.45 vs. $1.19 consensus. CEO update: "These record earnings results reflect the appeal of our merchandise assortments with customers and the earnings leverage in the business from our cost and infrastructure changes. The strength of the omni-channel strategy was evident as e-commerce revenues were able to offset the weaker store traffic in December caused by higher COVID cases, inventory shortages and early sell-through of holiday product. With cash expected to be approximately $100 million and total liquidity of $140 million, we are well positioned to fund our continued growth and deploy capital strategically."KIRK +0.25% premarket. Kirkland's was called out by Seeking Alpha author Jenks Jumps earlier this month as a transformation in progress.

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Kirkland's sees e-commerce offset store revenue drop