#KIRK Kirkland's 2024 Q3 Earnings: Kirkland's reported a significant improvement in adjusted EBITDA and gross profit margin in Q3 2024, despite a decline in net sales.
- Net Sales: $114.4 million
- Adj. EPS: -$0.29
- Gross Profit Margin: 28.1% vs. 26.3% Q3 2023
- Operating Loss: $2.4M vs. $6.7M Q3 2023
- Strategic Partnership: Beyond investment of $25M
Amy Sullivan, CEO of Kirkland’s, stated, “The third quarter marked our fourth consecutive quarter of positive comparable store sales growth and significant year-over-year improvement in Adjusted EBITDA. I am immensely proud of our team's ability to deliver progress towards our initiatives of re-engaging our core customer, refocusing our product assortment and strengthening our omni-channel capabilities while we continued to conservatively deploy capital based on our near-term financial priorities.”
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