Kirkland's, Inc. (NASDAQ: KIRK) today announced that, in advance of
investor meetings the Company is conducting over the next two weeks, it
reported sales for the nine-week period ended March 31, 2012. This
period covers the first two fiscal months of the first quarter of fiscal
2012.
Net sales for the nine-week period ended March 31, 2012, increased 3.4%
to $71.4 million compared with $69.0 million for the nine-week period
ended April 2, 2011. Comparable store sales for the period decreased
1.3% compared with a decrease of 8.9% in the prior-year period.
Kirkland's intends to report sales results for the 13-week period ending
April 28, 2012, and any update to its previously issued guidance for the
first quarter, if necessary, on May 3, 2012. The Company will report
earnings results for the first quarter of fiscal 2012 on May 18, 2012,
with a conference call to follow later that same morning.
Kirkland's, Inc. was founded in 1966 and is a specialty retailer of home
décor in the United States. Although originally focused in the
Southeast, the Company has grown beyond that region and currently
operates 299 stores in 30 states. The Company's stores present a broad
selection of distinctive merchandise, including framed art, mirrors,
candles, lamps, picture frames, accent rugs, garden accessories and
artificial floral products. The Company's stores also offer an extensive
assortment of gifts, as well as seasonal merchandise. More information
can be found at www.kirklands.com.
Except for historical information contained herein, the statements in
this release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.Forward-looking
statements involve known and unknown risks and uncertainties, which may
cause Kirkland's actual results to differ materially from forecasted
results.Those risks and uncertainties include, among other
things, the competitive environment in the home décor industry in
general and in Kirkland's specific market areas, inflation, product
availability and growth opportunities, seasonal fluctuations, and
economic conditions in general.Those and other risks are more
fully described in Kirkland's filings with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K filed on
April 14, 2011.Kirkland's disclaims any obligation to update any
such factors or to publicly announce results of any revisions to any of
the forward-looking statements contained herein to reflect future events
or developments.
Kirkland's, Inc.
W. Michael Madden, 615-872-4800
Senior Vice
President & CFO
or
Corporate Communications, Inc.
Tripp
Sullivan, 615-324-7335