Reports Q4 revenue $165.9M vs. $162.5M last year. Q4 comparable sales on a 13-week comparison increased 1.7%. Closed 9 stores during the period. “FY23 was a year of significant change across our entire organization that culminated in a positive holiday sales season and healthy momentum to build off of going into 2024,” said Amy Sullivan, CEO. “Q4 marked our first full quarter of capitalizing on the strategic repositioning initiatives we’ve implemented, which generated positive comparable sales results, strong gross margins, and healthy operating cash flow. Although we remain in the early stages of our strategic repositioning, we are pleased with the results we were able to generate to close out the year. As we move into fiscal 2024, we will continue prioritizing targeted engagement with our customer base and have been pleased with the in-store traffic levels we’ve sustained to start the year…Overall, we are pleased with the direction Kirkland’s Home is headed, and we believe there are opportunities for us to capitalize on and return to profitable growth. With additional capital to improve our liquidity position, a strategy that is generating positive momentum, and a nimble team in place focused on operational excellence, we believe we are well positioned heading into Fy24 and beyond. We remain committed to achieving our long-term strategic goals and unlocking the true potential of Kirkland’s Home.”
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