Kirkland's Bets On The Brand House Collective For Turnaround After Q1 Loss
Kirkland's Bets On The Brand House Collective For Turnaround After Q1 Loss
Kirkland's, Inc. (NASDAQ:KIRK) announced its first-quarter results on Tuesday.
Kirklands家具公司（纳斯达克：KIRK）于周二公布了第一季度业绩。
The company also unveiled a significant strategic transformation, including a corporate rebranding to The Brand House Collective, Inc., reflecting its evolution into a multi-brand merchandising, supply chain, and retail operator for Kirkland's Home and Beyond, Inc.'s (NYSE:BYON) brands (Bed Bath & Beyond, Overstock, and buybuy Baby).
该公司还公布了一项重大的战略转型，包括将企业重新品牌为The Brand House Collective, Inc.，反映其演变为Kirklands Home and Beyond, Inc.（纽交所：BYON）品牌（Bed Bath & Beyond，Overstock和buybuy Baby）的多品牌商品、供应链和零售运营商。
The company reported first-quarter adjusted earnings per share of 51 cents loss, missing the analyst consensus estimate of 47 cents loss. The quarterly sales of $81.50 million missed the analyst consensus estimate of $85.60 million.
该公司报告第一季度调整后的每股亏损为51美分，未能达到分析师共识预期的47美分亏损。季度销售额为8150万美元，未达到分析师共识预期的8560万美元。
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The company said consolidated comparable sales decreased by 8.9%, including a comparable store decline of 3.1% and an e-commerce decline of 26.7% compared to the first quarter of fiscal 2024.
该公司表示，合并可比销售额下降了8.9%，其中可比店铺下降了3.1%，电子商务下降了26.7%，与2024财政年度的第一季度相比。
The decrease in comparable sales was primarily driven by a decline in consolidated average ticket and e-commerce traffic.
可比销售额的下降主要是由于合并平均销量和电子商务流量的下降。
Gross profit for the first quarter was $20.3 million, down from $27.1 million in the prior year quarter.
第一季度的毛利润为2030万美元，低于去年同期的2710万美元。
Gross margin declined to 24.9% of net sales from 29.5% a year ago. The decline is primarily a result of lower merchandise margins due to higher promotional activity and the deleverage of store occupancy costs, partially offset by lower outbound freight costs.
毛利率从去年的29.5%下降至净销售额的24.9%。下降的主要原因是由于促销活动增加造成商品毛利率降低，以及店铺租赁成本的杠杆效应，部分被较低的出货运输成本抵消。
In the quarter, the company reported an adjusted EBITDA loss of $7.9 million compared to a loss of $4.5 million in the prior year quarter.
在本季度，公司报告调整后毛利润损失为790万美元，而去年同期损失为450万美元。
As of May 3, inventory was $76.4 million, a 0.8% increase compared to the prior year period. The company closed three stores during the period to end the quarter with 314 stores.
截至5月3日，存货为7640万美元，比去年同期增长0.8%。公司在本季度关闭了三家门店，季度末总门店数为314家。
The company exited the quarter with cash and equivalents worth $3.5 million, with $38.9 million of outstanding debt.
公司在季度末现金及现金等价物价值为350万美元，尚未偿还债务为3890万美元。
Amy Sullivan, CEO of Kirkland's, attributed the first quarter's performance challenges to adverse weather and continued softness in consumer sentiment.
Kirklands家具的首席执行官艾米·沙利文将第一季度的表现挑战归因于恶劣天气和消费者信心的持续低迷。
Transformation, Expansion, Rebrand
转型、扩展、品牌重塑
The company plans a name and ticker change to The Brand House Collective, pending shareholder approval at the July 24, 2025, annual meeting. The ticker symbol will be changed from "KIRK" to "TBHC".
公司计划在2025年7月24日的股东大会上获得股东批准后，更改名称和逐笔明细为The Brand House Collective。逐笔明细将从"KIRK"更改为"TBHC"。
Kirkland's is undergoing a major transformation into The Brand House Collective, aiming to become a multi-brand retail operator. This transformation will involve a comprehensive operational reset aimed at streamlining the company's footprint.
Kirklands家具正在进行重大转型，目标是成为The Brand House Collective，成为一个多品牌零售运营商。这一转型将涉及全面的运营重置，旨在简化公司的业务布局。
The company expects to consolidate its real estate, leveraging underperforming store closures to reduce excess inventory and improve inventory turnover. The plan is to retain approximately 290 current store locations as the foundational footprint for Kirkland's Home, Bed Bath & Beyond Home, and Overstock.
公司预计将整合其房地产，利用表现不佳的门店关闭来减少过剩的存货并提高存货周转率。计划保留大约290家当前门店位置，作为Kirklands Home、Bed Bath & Beyond Home和Overstock的基础业务布局。
To support this transformation, the company has undergone a comprehensive corporate reorganization. The corporate reorganization introduced new leadership roles to drive brand-specific growth. Four new directors will join the board, replacing five outgoing members.
为了支持这一转型，公司经历了一次全面的企业重组。这次企业重组引入了新的领导角色，以推动品牌特定的增长。四位新董事将加入董事会，替换五位即将离任的成员。
Price Action: KIRK shares are trading lower by 7.09% to $1.18 at last check Tuesday.
价格走势：Kirklands家具的股价在周二的最后检查中下跌7.09%，报$1.18。
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