KIRKLAND'S, INC : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
January 06, 2022 at 12:41 pm
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Item 2.02 Results of Operations and Financial Condition.
On January 6, 2022, Kirkland's, Inc. (the "Company") issued a press release
reporting its fiscal fourth quarter sales results through December 2021 (the
"Press Release").
A copy of the Press Release is attached hereto as Exhibit 99.1, and is being
furnished, not filed, under item 2.02 of this Current Report on Form 8-K.
Item 7.01 Regulation FD Disclosure.
On January 6, 2021, the Company announced that its Board of Directors authorized
a new share repurchase plan providing for the purchase in the aggregate of up to
$30 million of the Company's outstanding common stock. Repurchases of shares
will be made in accordance with applicable securities laws and may be made from
time to time in the open market or by negotiated transactions. The amount and
timing of repurchases will be based on a variety of factors, including stock
price, regulatory limitations and other market and economic factors. The share
repurchase plan does not require the Company to repurchase any specific number
of shares, and the Company may terminate the repurchase plan at any time.
A copy of the Press Release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
99.1 Press Release dated January 6, 2022 announcing the Company's fiscal
fourth quarter sales through December 2021 and new share repurchase
authorization.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
Kirklandâs, Inc. is a specialty retailer of home decor and furnishings in the United States. The Company operates about 330 stores in 35 states as well as an e-commerce Website, www.kirklands.com, under the Kirklandâs Home brand. The Companyâs merchandise categories include holiday decor, furniture, textiles, decorative accessories, art, home fragrance, ornamental wall decor, mirrors, housewares, lighting, floral, outdoor and gift. All the Companyâs stores operate under the names Kirklandâs, Kirklandâs Home, Kirklandâs Home Outlet, Kirklandâs Outlet, and The Kirkland Collection. The Companyâs storeâs locations include Texas, Florida, Georgia, North Carolina, Tennessee, California, Alabama, Illinois, Indiana, Pennsylvania, Louisiana, Ohio, Michigan, Missouri, South Carolina, Virginia, Kentucky, Arizona, Oklahoma, Mississippi, New Jersey, Arkansas, Wisconsin, North Dakota, West Virginia, Delaware, Minnesota, Nevada, Nebraska, Maryland, and Colorado among others.