|Bid||0.00 x 1200|
|Ask||0.00 x 1200|
|Day's range||21.71 - 23.54|
|52-week range||8.68 - 34.45|
|Beta (5Y monthly)||1.89|
|PE ratio (TTM)||10.01|
|Earnings date||01 Dec 2021 - 06 Dec 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||03 Jun 2015|
|1y target est||36.33|
Joining us today are Kirkland's president and CEO, Steve Woody Woodward; Executive Vice President and CFO Nicole Strain; and the company's external director of investor relations, Cody Slach. Thank you, Cody, and good morning, everyone.
Shares of Kirkland's (NASDAQ: KIRK) were soaring 16% higher heading into midday trading on Thursday after the home goods retailer reported second-quarter earnings that handily beat analyst estimates, though top-line results just missed expectations. The specialty retailer said revenue of $114.8 million was down 8% from the year-ago period as comparable-store sales fell 5.2% and e-commerce declined 12.6%. While those figures are hardly indicative of a stock rally, Kirkland's noted its gross margins widened 600 basis points to 34.6%, while earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to $5.4 million from $600,000 last year.
Good morning, and welcome to Kirkland's conference call to review results for the first quarter of fiscal 2021. On the call this morning are Woody Woodward, chief executive officer; and Nicole Strain, chief financial officer.