KIRKLAND'S, INC

CIK:0001056285|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Nov. 01, 2025	Nov. 02, 2024	Nov. 01, 2025	Nov. 02, 2024
Net sales	$ 103,462,000	$ 114,423,000	$ 260,754,000	$ 292,465,000
Cost of sales	82,342,000	82,288,000	206,981,000	215,602,000
Gross profit	21,120,000	32,135,000	53,773,000	76,863,000
Operating expenses:
Compensation and benefits	19,306,000	19,409,000	54,987,000	57,348,000
Other operating expenses	13,256,000	14,275,000	38,165,000	39,977,000
Depreciation (exclusive of depreciation included in cost of sales)	551,000	843,000	1,802,000	2,729,000
Gain on sale of internally developed intangible assets	(10,000,000)	0	(10,000,000)	0
Asset impairment	0	1,000	72,000	32,000
Total operating expenses	23,113,000	34,528,000	85,026,000	100,086,000
Operating loss	(1,993,000)	(2,393,000)	(31,253,000)	(23,223,000)
Interest expense	1,738,000	1,719,000	4,550,000	4,266,000
Loss on extinguishment of debt	0	3,338,000	0	3,338,000
Other income	(49,000)	(126,000)	(172,000)	(362,000)
Loss before income taxes	(3,682,000)	(7,324,000)	(35,631,000)	(30,465,000)
Income tax expense	23,000	356,000	77,000	549,000
Net loss	$ (3,705,000)	$ (7,680,000)	$ (35,708,000)	$ (31,014,000)
Loss per share:
Basic (in dollars per share)	$ (0.16)	$ (0.59)	$ (1.6)	$ (2.38)
Diluted (in dollars per share)	$ (0.16)	$ (0.59)	$ (1.6)	$ (2.38)
Weighted average shares outstanding:
Basic (in shares)	22,461	13,116	22,338	13,052
Diluted (in shares)	22,461	13,116	22,338	13,052