Kirkland's Q1 sales decline 5.3% YoY to $91.75m, missing estimates, with e-commerce sales down 19.1%; in-store sales up 2.

Home furnishing retailer Kirkland's reported a 5.3% year-on-year decline in Q1 sales to $91.75m, missing analyst estimates. E-commerce sales dropped 19.1%, but in-store sales increased 2.8%. CEO Amy Sullivan said the company is "encouraged" by early signs of traction from marketing and merchandising strategies. Kirkland's plans to focus on cost-cutting and strategic options amid the sales slump.

June 06, 2024
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