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家具(股票代码KIRK) 2024年第三季度业绩会议呼叫实录总结:
Financial Performance:
财务表现：
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年第三季度净销售额为11440万美元，低于去年的11640万美元。
积极的可比店铺销售增长为1.6%，但电子商务销售下降了14.9%。
调整后的EBITDA增加了370万美元，本季度取得了正面结果。
毛利率提高了180个基点，达到28.1%。
公司本季度报告的净损失为770万美元，高于去年同期的640万美元的净损失。
Business Progress:
业务进展：
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.
与Beyond建立战略合作伙伴关系，提升资本和增长潜力。
推出战略举措，包括重新吸引核心客户、重新聚焦产品组合和加强全渠道能力。
计划在2025年开设首家Bed Bath & Beyond社区店，作为双品牌零售商。
在电子商务中实施定价工具和测试，以完善定价策略。
Opportunities:
机会：
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.
与Beyond的战略合作提供增长机会，特别是通过增强的电子商务能力和扩展客户触达。
预计在12月开始家具和墙面装饰方面的库存改善，为更高票价类别的销售表现提供机会。
Risks:
风险：
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.
电子商务业绩持续面临挑战，销售下降14.9%，突显持续的运营风险。
促销活动和经济压力对家具和墙面装饰等高票商品的利润率构成潜在风险。
More details: Kirkland's IR
更多详情：kirklands家具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：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
