Earnings Call Summary | Kirkland's(KIRK.US) Q3 2024 Earnings Conference
Earnings Call Summary | Kirkland's(KIRK.US) Q3 2024 Earnings Conference
Adjusted EBITDA improved by $3.7 million, achieving a positive result for the quarter.The following is a summary of the Kirkland's, Inc. (KIRK) Q3 2024 Earnings Call Transcript:
以下是kirklands傢俱(股票代碼KIRK) 2024年第三季度業績會議呼叫實錄總結:
Financial Performance:
財務表現：
Net sales for Q3 2024 were $114.4 million, down from $116.4 million in the prior year.
Positive comparable store sales growth of 1.6% was noted, offset by a 14.9% decline in e-commerce sales.
Adjusted EBITDA improved by $3.7 million, achieving a positive result for the quarter.
Gross profit margin increased 180 basis points to 28.1%.
The company reported a net loss of $7.7 million for the quarter, an increase from a net loss of $6.4 million in the previous year.
2024年第三季度淨銷售額爲11440萬美元，低於去年的11640萬美元。
積極的可比店鋪銷售增長爲1.6%，但電子商務銷售下降了14.9%。
調整後的EBITDA增加了370萬美元，本季度取得了正面結果。
毛利率提高了180個點子，達到28.1%。
公司本季度報告的淨損失爲770萬美元，高於去年同期的640萬美元的淨損失。
Business Progress:
業務進展：
Entered into a strategic partnership with Beyond, enhancing capital and growth potential.
Launched strategic initiatives including re-engaging core customers, refocusing product assortment, and strengthening omnichannel capabilities.
Planning to open initial Bed Bath & Beyond neighborhood stores in 2025 as a dual brand retailer.
Implemented pricing tools and tests in e-commerce to refine the pricing strategy.
與Beyond建立戰略合作伙伴關係，提升資本和增長潛力。
推出戰略舉措，包括重新吸引核心客戶、重新聚焦產品組合和加強全渠道能力。
計劃在2025年開設首家Bed Bath & Beyond社區店，作爲雙品牌零售商。
在電子商務中實施定價工具和測試，以完善定價策略。
Opportunities:
機會：
The strategic partnership with Beyond presents opportunities for growth, particularly through enhanced e-commerce capabilities and expanded customer outreach.
Anticipation of improved inventory positions in furniture and wall decor moving into December provides opportunities for better sales performance in higher ticket categories.
與Beyond的戰略合作提供增長機會，特別是通過增強的電子商務能力和擴展客戶觸達。
預計在12月開始傢俱和牆面裝飾方面的庫存改善，爲更高票價類別的銷售表現提供機會。
Risks:
風險：
Continued challenges in e-commerce performance with a 14.9% decline in sales highlight ongoing operational risks.
Promotional activities and economic pressures on high ticket items like furniture and wall decor pose potential risks to profit margins.
電子商務業績持續面臨挑戰，銷售下降14.9%，突顯持續的運營風險。
促銷活動和經濟壓力對傢俱和牆面裝飾等高票商品的利潤率構成潛在風險。
More details: Kirkland's IR
更多詳情：kirklands傢俱IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
