Why Home Furnishings Retailer Kirkland's Shares Are Gaining Today
Why Home Furnishings Retailer Kirkland's Shares Are Gaining Today
Kirkland's Inc (NASDAQ:KIRK) shares are trading higher after the company reported fourth-quarter FY23 results.
柯克蘭公司（納斯達克股票代碼：KIRK）公佈了23財年第四季度業績後，該公司股價走高。
Revenue of $165.9 million, missing the consensus of $167.2 million. The net sales increase on year was primarily driven by $6.6 million of net sales for the 53rd week of fiscal 2023 and growth in same-store sales, partially offset by the impact of store closures.
收入爲1.659億美元，未達到共識的1.672億美元。淨銷售額同比增長主要是由2023財年第53周的660萬美元淨銷售額和同店銷售增長推動的，但部分被門店關閉的影響所抵消。
On a 13-week comparison, comparable same-store sales increased 1.7%, including an 8.3% decline in e-commerce sales on higher store traffic and conversion, partly offset by a decreased average ticket.
相比之下，同店同店銷售額增長了1.7％，其中包括由於商店流量和轉化率的增加而導致的電子商務銷售額下降了8.3％，但平均門票的減少部分抵消了這一下降。
Gross profit margin expanded to 32.0% from 24.8% a year ago on improved merchandise margin, favorable outbound freight costs, and favorable distribution center costs.
毛利率從去年同期的24.8％增長至32.0％，這要歸因於商品利潤率的提高，出境運費的優惠以及良好的配送中心成本。
Adjusted EBITDA was $14.2 million vs. $2.6 million in the prior year quarter. EPS of $0.78 beat the analyst consensus of $0.42.
調整後的息稅折舊攤銷前利潤爲1,420萬美元，而去年同期爲260萬美元。每股收益爲0.78美元，超過了分析師共識的0.42美元。
Net income in the fourth quarter was $10.1 million versus a loss of $(3.8) million in the prior year quarter.
第四季度的淨收入爲1,010萬美元，而上一季度的虧損爲380萬美元。
As of March 21, 2024, Kirkland's had $40.0 million of outstanding debt under its senior secured revolving credit facility and $5.0 million in borrowings under its "first-in, last-out" delayed-draw, asset-based term loan.
截至2024年3月21日，柯克蘭在其優先擔保循環信貸額度下有4,000萬美元的未償債務，在 “先入後出” 的延遲提取資產定期貸款下有500萬美元的借款。
Amy Sullivan, CEO, said, "The fourth quarter marked our first full quarter of capitalizing on the strategic repositioning initiatives we've implemented, which generated positive comparable sales results, strong gross margins, and healthy operating cash flow. Although we remain in the early stages of our strategic repositioning, we are pleased with the results we were able to generate to close out the year."
首席執行官艾米·沙利文表示：“第四季度是我們利用我們實施的戰略重新定位計劃的第一個完整季度，這些計劃創造了積極的可比銷售業績、強勁的毛利率和健康的運營現金流。儘管我們仍處於戰略重新定位的初期階段，但我們對今年年底取得的成果感到滿意。”
"Consumers remain highly price sensitive, and while we continue to see dampened demand for larger ticket items, the demand for seasonally relevant décor and accessories remains high, which is more than offsetting the lower average ticket trends we're experiencing thus far."
“消費者對價格仍然高度敏感，儘管我們繼續看到對大件商品的需求減弱，但對季節性相關裝飾和配飾的需求仍然很高，這足以抵消我們迄今爲止所經歷的較低平均門票趨勢。”
Price Action: KIRK shares are up 12.68% at $2.81 on the last check Thursday.
價格走勢：在週四的最後一次支票中，KIRK股價上漲12.68％，至2.81美元。
譯文內容由第三人軟體翻譯。