The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jeremy Hamblin - Craig-Hallum Capital Group - Analyst
: Thanks and congrats on the improved results. I wanted to just get started here in talking about trends. It sounds like you're pleased with the initial
start and wanted to see if you might be able give a little bit more clarity on that in terms of whether or not, you're comping positive quarter to date
how comparisons stack up for the remainder of the quarter.
And then just in terms of, you know, this split between how your e-com business is doing versus your retail store, if you kind of expect that and to
continue. I know that the comparisons are actually a little bit easier or I'm sorry, a little bit tougher in queue three on your e-com business versus
what you saw in Q2?
Question: Jeremy Hamblin - Craig-Hallum Capital Group - Analyst
: Got it. Good color. And then in terms of just following up on the comment about the consumer and cheese requiring a bit more promotion and
so forth. How should we be thinking about, you know, gross margin as we look into the back half of the year you guys have had improved gross
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SEPTEMBER 05, 2024 / 1:00PM, KIRK.OQ - Q2 2024 Kirkland's Inc Earnings Call
margin year over year, both in Q1, Q2. And wanted to get a sense for whether or not you were expecting that same type of momentum to continue
here in Q3 and Q4 as well?
Question: Jeremy Hamblin - Craig-Hallum Capital Group - Analyst
: Just to clarify, in terms of seeing gross margin up in the second half of '24, are you more likely to see them gross margin up in Q3 or Q4?
Question: Jeremy Hamblin - Craig-Hallum Capital Group - Analyst
: Got it. Thanks for the color. Good luck and I'll hop out of the queue.
Question: John Lawrence - The Benchmark Company LLC - Analyst
: Yeah, good morning. Thank's for the time guys. Could you talk about we've had some stores lately and then it seems like remind us a little bit how
will we get into the stores just a little earlier this year?
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SEPTEMBER 05, 2024 / 1:00PM, KIRK.OQ - Q2 2024 Kirkland's Inc Earnings Call
Question: John Lawrence - The Benchmark Company LLC - Analyst
: But what sort of appeared from store visits that, traffic was up during that period of time, whether they would just window shopping, et cetera,
but seems like a lot of transactions for that only Halloween stuff.
And can you give a sense of you're talking about [49%] reactivation rate. Can you talk about the fleet of stores and now if you're doing positive
comps, can you talk about maybe what percentage of the fleet is positive at this point?
Question: John Lawrence - The Benchmark Company LLC - Analyst
: So in that in your base region and you might have mentioned and I missed it, but what's the plan on maybe some of these new stores in your trade
area that you think could be really successful. Is anything started, they're still waiting for capital for that?
Question: John Lawrence - The Benchmark Company LLC - Analyst
: Last question for me. I mean, when you look at the Halloween set, looks a little different, some new items assume that same type of freshness goes
to the fourth-quarter with holiday stuff coming in.
Question: John Lawrence - The Benchmark Company LLC - Analyst
: Great, thanks guys, good luck in the second half.
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