Friday, March 12, 2010 12:18:33 PM
News: March 12 (Reuters) - Kirkland's Inc reported a higher quarterly profit, helped by strong customer traffic at its stores, and forecast a 5 percent to 8 percent increase in fiscal 2010 sales, sending its shares up 7 percent.
The home accessories retailer, which plans to open 30 to 40 new stores and close 15 to 20 stores this year, also said it expects adjusted earnings to rise in 2010.
For the fourth quarter ended Jan. 30, the company earned $22.1 million, or $1.08 a share, compared with $15.0 million, or 76 cents a share, a year earlier.
Excluding items, it earned 92 cents a share.
Two analysts on average were expecting 81 cents a share, according to Thomson Reuters I/B/E/S.
The company had earlier reported that sales rose 7 percent to $142.8 million and same-store sales increased 10.2 percent.
Shares of the Nashville-based company rose to $20.95 in pre-market trade. They closed at $19.51 Thursday on Nasdaq.
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Recent KIRK News
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 09/05/2024 08:45:20 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/05/2024 08:04:38 PM
- KIRKLAND'S HOME REPORTS SECOND QUARTER 2024 RESULTS • PR Newswire (US) • 09/05/2024 10:56:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 10:25:38 AM
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- Kirkland's to Report Second Quarter Fiscal 2024 Financial Results on September 5, 2024 • PR Newswire (US) • 08/22/2024 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/01/2024 07:13:16 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/12/2024 02:53:45 PM
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- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:08:22 PM
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- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/10/2024 08:40:20 PM
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