Kirkland’s Q3 same-store sales fall
Nashville, Tenn. -- Kirkland's Inc. raised its third-quarter earnings outlook Thursday after total revenue rose because of store expansion.
Total revenue rose 4.7% to $97.1 million in the August-to-October period. Same-store sales fell 3.6%.
The home-decor store said it now expects earnings of 3 cents to 5 cents per share, up from its previous prediction of a quarterly loss.
The improvement comes despite a decline in revenue at stores open at least a year. That figure fell 3.6% in the third quarter. Revenue at stores open at least a year is a key measure of a retailer's performance, because it excludes the impact of recently opened or closed stores.