Benji-13

BREAKOUT TIGHT BASE AND HIGH VOLUM BUY KIRK ABOUT 19.50$

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NASDAQ:KIRK   KIRKLAND'S INC
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Kirkland's Reports Third Quarter 2020 Results

Thu, December 3, 2020, 1:00 PM GMT+1·18 min read
Announces new share repurchase authorization of $20 million

Third Quarter 2020 Financial Highlights:

- Net sales increased 1.2% to $146.6 million, with 51 fewer stores; comparable sales increased 8.9%, including e-commerce growth of 49.9%

- Gross profit margin of 36.1% compared with 27.7% in the prior year, an increase of 840 basis points, or $12.7 million

- Operating expenses of 27.2% of net sales compared with 37.5% in the prior year; excluding impairments a reduction of 810 basis points, or $11.3 million

- Earnings per diluted share of $0.82 compared with loss per diluted share of $1.61 in the prior year

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