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Tuesday, May 19, 2020 2:53:19 PM
1. KIRK closes just about all of its more than 400 brick and mortar stores during the shut down period beginning in March
2. then issued this misleading pump Press release yesterday, right after the close:
https://www.sec.gov/Archives/edgar/data/1056285/000105628520000037/pressreleaseofkirklandsinc.htm
stating that:
"In the period since the stores closed on March 19, the Company’s e-commerce demand has increased 96% to $23.7 million."
3. The stock price DOUBLES in the aftermarket from $0.843 to $1.60 and is now at $1.09.
4. What KIRK fails to mention is that the $23.7 million in sales was only 27% of last years 2 month overall sales of $87 million for the company in the 2 months of the 2nd quarter. So the 96% increase in sales really only increased e-commerce sales from about 13% of total sales to 27% of total sales.
5. But there is a catch - since all the brick and mortar stores were CLOSED during this 2 month period, the non-e-commerce sales were close to ZERO - implying that, in reality:
KIRK's total sales during this two month period DROPPED from $87 million to only $23.7 million - a massive 73% DROP IN SALES!
It will not end well for this now sleazy company!
Recent KIRK News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/12/2024 02:53:45 PM
- KIRKLAND'S ANNOUNCES RESULTS OF 2024 ANNUAL MEETING OF SHAREHOLDERS • PR Newswire (US) • 06/27/2024 08:05:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 06/07/2024 11:00:11 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/06/2024 08:02:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 11:39:29 AM
- KIRKLAND'S HOME REPORTS FIRST QUARTER 2024 RESULTS • PR Newswire (US) • 06/06/2024 11:00:00 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:08:22 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 05/24/2024 09:42:35 PM
- Kirkland's to Report First Quarter Fiscal 2024 Financial Results on June 6, 2024 • PR Newswire (US) • 05/23/2024 08:05:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 05/10/2024 08:40:20 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 05/10/2024 08:32:28 PM
- KIRKLAND'S HOME REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS • PR Newswire (US) • 03/21/2024 11:00:00 AM
- Kirkland's Home Sets Fourth Quarter and Fiscal Year 2023 Earnings Conference Call for March 21, 2024, at 9:00 a.m. ET • PR Newswire (US) • 03/07/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 09:28:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 01:00:59 PM
- Kirkland's Home Secures $12 Million in Additional Debt Financing to Support Strategic Repositioning Efforts • PR Newswire (US) • 01/26/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 12:58:12 PM
- Kirkland's Home Promotes Amy Sullivan to CEO • PR Newswire (US) • 01/19/2024 12:01:00 PM
- Kirkland's Home Announces Holiday 2023 Comparable Sales Results • PR Newswire (US) • 01/19/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 10:07:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/30/2023 09:24:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/30/2023 12:38:07 PM
- KIRKLAND'S HOME REPORTS THIRD QUARTER 2023 RESULTS • PR Newswire (US) • 11/30/2023 12:00:00 PM
- Kirkland's Home Sets Third Quarter 2023 Earnings Conference Call for November 30, 2023, at 9:00 a.m. ET • PR Newswire (US) • 11/16/2023 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/06/2023 02:44:35 PM
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