Kirkland’s reports Q3 loss; CEO to go on temporary medical leave
Nashville, Tenn. -- Kirkland's Inc. lost $416,000 for the period ended Oct. 27, compared with a profit of $1.2 million a year earlier. Analysts had predicted a bigger loss.
Revenue inched down to $96.7 million from $97.1 million. Same-store sales were down 4.7%.
Kirkland's also announced that president and CEO Robert Alderson is taking a temporary medical leave of absence, starting on Monday. SVP and CFO Mike Madden will serve as acting president and CEO until Alderson returns.