Kirkland’s reports Q2 EPS ($1.11), consensus ($1.31)

Reports Q2 revenue $86.29M, consensus $84.19M. Comparable sales decreased 1.7% in Q2, including a 10.6% decline in e-commerce sales and a 1.8% increase in comparable store sales. Amy Sullivan, CEO of Kirkland’s Home, said, “Our second quarter comparable sales results reflect a sequential improvement from the first quarter and continued progress against our strategic initiatives. Our merchandising and marketing plans have continued to drive traffic to our stores resulting in positive comparable sales performance in the channel helping to offset the headwinds we are experiencing with our e-commerce business. Toward the end of the quarter, we began to introduce our fall and holiday assortment, and we are encouraged by our early reads, giving us further confidence in our plans for the second half of the year and our peak selling season. Through our ongoing efforts to re-engage our core customer, refocus our product assortment, and strengthen our omnichannel capabilities, we are positioning Kirkland’s for improved financial performance and long-term success.”