Welcome to our dedicated page for Kirklands news (Ticker: KIRK), a resource for investors and traders seeking the latest updates and insights on Kirklands stock.
The news archive for KIRK covers the period when the Nasdaq symbol represented Kirkland’s, Inc., a specialty retailer of home décor, housewares and furnishings that later rebranded as The Brand House Collective, Inc. Company press releases and regulatory announcements during this time document its evolution from a single-brand home décor chain into a multi-brand merchandising, supply chain and retail operator.
Readers exploring KIRK-related news will find updates on financial results, including quarterly and annual earnings releases where the company reported sales trends across its brick-and-mortar stores and e-commerce channel. These items often discuss comparable sales performance, store openings and closures, and changes in gross margin and operating metrics.
The news flow also highlights strategic initiatives such as the partnership with Beyond, Inc., expansions of credit facilities, and amendments to collaboration and licensing agreements. Releases describe how these arrangements supported an updated store conversion strategy and the introduction of licensed formats like Bed Bath & Beyond Home, Overstock and buybuy BABY within the company’s retail footprint.
Another key theme in the KIRK news record is corporate transformation. Articles detail the decision to rebrand as The Brand House Collective, the planned consolidation of store locations, and the subsequent change of the corporate name and ticker symbol from KIRK to TBHC. Leadership and board changes, as well as governance matters presented in proxy materials and shareholder meeting results, are also reflected in the news.
For investors and researchers, this news page provides historical context on how Kirkland’s, Inc. repositioned itself, managed its capital structure and reshaped its brand portfolio during the years when its shares traded under the KIRK symbol.
Kirkland's (Nasdaq: KIRK), a specialty retailer of home décor and furnishings, has announced it will release its fourth quarter and fiscal year 2024 financial results before market open on Thursday, May 1, 2025. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the results.
The retailer currently operates 317 stores across 35 states and maintains an e-commerce presence through www.kirklands.com under the Kirkland's Home brand. The company's business model focuses on providing customers with an engaging shopping experience featuring curated, affordable home décor and furnishings, combined with value pricing and inspirational design ideas.
Kirkland's (KIRK) provided a Q4 2024 business update and strategic transformation plans. The company expects Q4 net sales of approximately $148 million with a consolidated comparable sales decline of 0.6%, including brick-and-mortar store growth of 1.6% and e-commerce decline of 7.9%. Projected Q4 net income is $7.9 million with diluted EPS of $0.50.
The company outlined three key strategic initiatives: improving/eliminating underperforming assets (identifying 6% of stores not meeting profitability standards), optimizing e-commerce performance through Beyond Inc. partnership, and maximizing Kirkland's Home brand value through distribution across their family of brands including Bed Bath & Beyond, buybuy Baby, and Overstock.
As of February 17, 2025, Kirkland's had $41.9 million in outstanding borrowings and letters of credit, with $8.2 million available after minimum required availability covenant, and $8.5 million in debt to Beyond, Inc.
Kirkland's (NASDAQ: KIRK) has successfully completed a $25 million investment deal with Beyond, Inc. (NYSE: BYON), receiving overwhelming shareholder approval with 97% of votes in favor. The transaction includes an $8 million equity purchase and the conversion of an $8.5 million convertible term loan, resulting in Beyond now owning approximately 40% of Kirkland's outstanding shares.
This strategic partnership aims to transform Kirkland's operations by leveraging its core strengths in Merchandising, Store Operations, and Supply Chain expertise. The company plans to open its first Bed Bath & Beyond store later this year and focuses on improving profitability through addressing underperforming assets. The partnership is expected to enhance Kirkland's omni-channel capabilities and support Beyond's portfolio of brands.
Kirkland's announced an extension of the voting deadline for its special meeting of shareholders, originally scheduled for December 23, 2024. While preliminary voting shows 94.3% support for the proposal to issue shares to Beyond, Inc., only 37.2% of total shares were represented, falling short of the required majority quorum. The proposal concerns a strategic partnership involving the revival of the Bed Bath and Beyond brand through a brick-and-mortar strategy. Amy Sullivan, CEO of Kirkland's, emphasized the importance of this partnership for strengthening the company's financial position heading into 2025. The record date remains November 5, 2024, and shareholders who have already voted do not need to revote.
Kirkland's (KIRK) reported Q3 2024 financial results with net sales of $114.4 million, showing a 3.0% decrease in comparable sales. The quarter marked positive comparable store growth of 1.6% despite hurricane disruptions. Gross profit margin improved by 180 basis points to 28.1%. The company reported an operating loss of $2.4 million, representing a $4.3 million improvement from Q3 2023.
Notable developments include a strategic partnership with Beyond, involving a $25 million investment through debt and equity transactions. The company ended the quarter with 325 stores, a cash balance of $6.8 million, and $80.4 million in outstanding debt. E-commerce sales declined by 14.9%, while store conversion and traffic showed improvement.
Kirkland's (Nasdaq: KIRK), a specialty retailer of home décor and furnishings, announced it will release its third quarter fiscal 2024 financial results before market open on Friday, December 6, 2024. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the results. Kirkland's currently operates 326 stores across 35 states and an e-commerce website under the Kirkland's Home brand, offering customers curated, affordable home décor and furnishings.
Kirkland's Home and Beyond have announced a strategic partnership to revitalize the Bed Bath & Beyond brand through a neighborhood store strategy. Key points include:
- Kirkland's to become Beyond's exclusive brick-and-mortar operator for new, smaller format Bed Bath & Beyond locations
- Expansion of Kirkland's product assortment across the expanded store network and Beyond's websites
- Leveraging enhanced supply chain network and digital transformation
- Beyond to invest $25 million via combined debt and equity transaction
The partnership aims to drive sustainable profitable growth by leveraging the strengths of both companies. Kirkland's CEO Amy Sullivan and Beyond's Executive Chairman Marcus Lemonis expressed enthusiasm for the collaboration, emphasizing the potential for growth and value creation for all stakeholders.
Kirkland's Home (Nasdaq: KIRK) reported Q2 2024 financial results with net sales of $86.3 million and a comparable sales decrease of 1.7%. The company saw a 1.8% growth in comparable brick-and-mortar stores but faced a 10.6% decline in e-commerce sales. Gross profit margin expanded by 100 bps to 20.5%. The operating loss improved by $4.8 million to $13.3 million, while adjusted EBITDA loss improved by $3.3 million to $10.2 million. Kirkland's ended the quarter with 325 stores, a cash balance of $4.5 million, and $62.7 million in outstanding debt. The company implemented cost-saving initiatives expecting to realize $6 million in savings for fiscal 2024 and $7 million in ongoing annual pre-tax savings. Kirkland's is also reviewing strategic alternatives to support its initiatives.
Kirkland's Home (Nasdaq: KIRK), a specialty retailer of home décor and furnishings, has announced it will release its second quarter fiscal 2024 financial results before market open on Thursday, September 5, 2024. The company will host a conference call at 9:00 a.m. Eastern Time to discuss the results. A live audio webcast will be available on the company's investor relations website, and a recorded replay will be accessible for one year. Kirkland's currently operates 325 stores in 35 states and an e-commerce website, offering customers an engaging shopping experience with affordable, quality home décor and furnishings.
Kirkland's Home (Nasdaq: KIRK) has been named America's #1 Home Goods & Décor Retailer by Newsweek in its third annual ranking of America's Best Retailers. This recognition highlights the company's commitment to customer experience and strategic initiatives. CEO Amy Sullivan expressed pride in the achievement, attributing it to the team's dedication and ongoing efforts to enhance their competitive position.
The ranking, conducted in partnership with Statista, surveyed over 7,000 shoppers to identify the top 200 retail destinations. Participants evaluated retailers based on factors such as likelihood of recommendation, pricing, product selection, atmosphere, customer service, and accessibility. This accolade comes as Kirkland's Home continues to focus on re-engaging core customers, refining product assortments, and strengthening omni-channel capabilities.