RTTNews | Jan 6, 2022 07:38AM EST

07:38 Thursday, January 6, 2022 (RTTNews.com) - Kirkland's, Inc. (KIRK) reported that comparable sales for the fourth quarter through December 2021 decreased 6.4%. This included a 9.5% comparable sales decrease for November 2021 and a 3.3% decrease for December 2021.

"After closing out the month of December, our comparable sales are in-line with the revised expectations we discussed on our last quarterly earnings report," said Steve "Woody" Woodward, CEO of Kirkland's.

For the fourth quarter, the company continues to expect a mid-to-high-single-digit same-store sales decrease. With the expected sales decline and freight impact, the company continues to anticipate earnings in the fourth quarter to be lower than the prior-year period.

For fiscal 2021, the company continues to expect a mid-single digit same-store sales increase. The company still expects year-over-year earnings growth of approximately 50% for fiscal 2021.

Kirkland's also said its board has authorized a new share repurchase plan providing for the purchase in the aggregate of $30 million of the outstanding common stock.

Read the original article on RTTNews ( https://www.rttnews.com/3253208/kirkland-s-holiday-comps-down-6-4-reiterates-outlook-announces-share-repurchase-plan.aspx)

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