BUZZ-Home decor retailer Kirkland's down after comparable sales decline, e-commerce challenges

Reuters
2024-12-07
BUZZ-Home decor retailer Kirkland's down after comparable sales decline, e-commerce challenges

Updates

** Shares of home decor retailer Kirkland's KIRK.O down as much as 12.9% to $1.76

** Co posts Q3 comparable sales decline of 3% from a year ago due to a decrease in consolidated average ticket and e-commerce conversion, hurricane disruptions

** Co also reports a 14.9% decline in e-commerce sales; says e-commerce sales accounted for 24% of total sales in the quarter, down from 28% the prior year

** Posts Q3 net sales of $114.4 mln, a decline of 1.7% from a year ago, and adjusted loss of 29 cents per diluted share, down from 45 cents YOY

** Up to Thursday's close, stock has fallen 33% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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