Kirkland's, Inc. provided a business update on February 18, 2025, announcing preliminary fourth quarter fiscal 2024 results. The company expects net sales of approximately $148 million, with a consolidated comparable sales decline of about 0.6%.
Despite the overall comparable sales decline, comparable brick-and-mortar store sales are expected to show growth of 1.6%, while e-commerce sales are projected to decline by 7.9%. The company anticipates net income of approximately $7.9 million and diluted earnings per share of about $0.50.
Adjusted EBITDA for the fourth quarter is expected to be approximately $12.0 million. As of February 17, 2025, Kirkland's had $41.9 million of outstanding borrowings and letters of credit under its revolving credit facility, with $8.2 million in availability, and $8.5 million in debt to Beyond, Inc.
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