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Kirkland’s Inc., reports loss in fourth quarter

BRENTWOOD, Tenn. (AP) _ Kirkland’s Inc. (KIRK – NASDAQ) on Friday reported a fiscal
fourth-quarter loss of $4.9 million, after reporting a profit in the same
period a year earlier.

On a per-share basis, the Brentwood, Tennessee-based company said it had a
loss of 35 cents. Earnings, adjusted for asset impairment costs and
non-recurring costs, came to 59 cents per share.

The home decor retailer posted revenue of $209.4 million in the period.

For the year, the company reported a loss of $53.3 million, or $3.79 per
share, swinging to a loss in the period. Revenue was reported as $603.9
million.

Kirkland’s, which has a distribution center at 431 Smith Lane near McKellar-Sipes Regional Airport, also has a retail store at 1101 Vann Drive in The Columns.

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