Kirkland's, Inc. - Common Stock (KIRK)

After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.

Kirkland's Inc. reported Q3 2024 sales decline of 1.7%, beating consensus. Comparable sales decreased 3.0%, gross margin expanded, and operating loss reduced. Formed a strategic partnership and ended with 325 stores.

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Kirkland's Inc (NASDAQ:KIRK) shares are trading higher Monday after the company announced that Bed Bath & Beyond owner Beyond Inc (NYSE:BYON) will invest $25 million in the company.

The Q1 2024 blended earnings growth estimate stands at 22.6%.

KIRK stock results show that Kirkland's beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.

Kirkland's reported a 5.3% year-over-year sales decline in Q1 FY24, reaching $91.75 million, missing the $93.07 million estimate. Comparable sales dropped 3.5%, with a 19.1% e-commerce sales decline, while store sales rose 2.8%. Gross profit margin improved 280 basis points to 29.5%. Adjusted EPS loss of $(0.68) beat expectations. Kirkland's reveals cost savings initiatives and retains financial advisor to review strategic alternatives.

The Q1 2024 blended earnings growth estimate stands at 22.5%.

And that's just part of the interesting news for investors to dig into.

KIRK stock results show that Kirkland's beat analyst estimates for earnings per share but missed on revenue for the fourth quarter of 2023.