CORRECTION: Kirkland's Q2 Adj. EPS $(1.39) Misses $(1.10) Estimate, Sales $89.50M Miss $91.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kirkland's reported Q2 adjusted EPS of $(1.39), missing the estimate of $(1.10) by 26.36%. The company also reported quarterly sales of $89.50M, missing the estimate of $91.86M by 2.56%. This represents a decrease in both earnings and sales compared to the same period last year.
September 06, 2023 | 11:21 am
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NEGATIVE IMPACT
Kirkland's Q2 results missed estimates, with a larger than expected loss and lower sales. This could negatively impact the stock in the short term.
Kirkland's reported larger than expected losses and lower sales for Q2, missing analyst estimates. This underperformance could lead to a decrease in the stock price in the short term as it indicates the company is not performing as well as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100