Key Developments For Kirklands Inc
Kirklands Inc (KIRK.O) (Consolidated Issue listed on NASDAQ Global Market)
Kirkland's, Inc. Raises FY 2009 Outlook
Kirkland's, Inc. raised its fiscal 2009 outlook and expects sales to be slightly above fiscal 2008 and pre-tax earnings to be significantly above the $10.1 million in pre-tax earnings achieved in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $392 million for the same period.
Kirkland's, Inc. Raises FY 2009 Outlook
Kirkland's, Inc. raised its fiscal 2009 outlook and expects sales to be equal to or moderately below fiscal 2008 and pre-tax earnings to be significantly above the $10.1 million achieved in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $379 million for the same period.
Kirkland's, Inc. Revises FY 2009 Outlook
Kirkland's, Inc. revised its fiscal 2009 outlook and expects sales to be moderately below fiscal 2008 based on the smaller store base throughout the year and pre-tax earnings are expected to be moderately above fiscal 2008 levels. According to Reuters Estimates, analysts were expecting the Company to report revenues of $377 million for the same period.
Kirkland's, Inc. Issues FY 2009 Revenue Outlook; Comments On FY 2009 Earnings Outlook
Kirkland's, Inc. announced that for fiscal 2009, full year sales are expected to be moderately below fiscal 2008 based on the smaller store base throughout the year and new store openings weighted towards the second half of the year. Future comparable store sales gains are difficult to predict in the current environment. Fiscal 2009 pre-tax earnings are expected to be comparable to or modestly above fiscal 2008 levels. The Company reported revenue of $391.28 million in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report revenue of $375 million for fiscal 2009.
Kirkland's, Inc. Directors And Officers Purchase Shares Of Common Stock
Kirkland's, Inc. announced that three directors of the Company and two members of its senior management team have agreed to purchase a total of 3,849,032 shares of the Company common stock from funds affiliated with Advent International Corporation. The shares represent Advent's remaining ownership in the Company. The purchase is expected to be completed within the next two weeks. The shares are being purchased by Carl Kirkland, co-founder and Director of the Company, Robert E. Alderson, Company President, Chief Executive Officer and Director, W. Michael Madden, Senior Vice President and Chief Financial Officer, and independent Directors Ralph T. Parks and Murray M. Spain.
