Kirkland's Inc Q4 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Jeremy Hamblin - Craig-Hallum Capital Group LLC - Analyst : Thanks and congrats on the strong results and momentum in the business. I wanted to come back to the commentary around near term our results. So it sounds like, you know, slightly positive comps in February you noted that March was a bit softer, which I'm assuming means maybe flat or

Question: Jeremy Hamblin - Craig-Hallum Capital Group LLC - Analyst : And let me just transition here on to the comments around your e-commerce platform, which it sounds like you don't great improvement on store traffic and e-commerce is struggling a bit more. And I wanted to get into a little bit more detail about the relaunch our plan for 2025. So is the relaunch around e-com more just about fitting the assortment on to better meet the needs of what the online shopper is. And is that when you talk about our relaunch of that platform is would it be what portion of the assortment might be different for your e-commerce channel as opposed to what our customers are going to see in stores? And then secondly, do you have from like a technology investments and needed to do that relaunch. Can you can you talk about anything that you think you might need help support that as you move forward, sir?

Question: Jeremy Hamblin - Craig-Hallum Capital Group LLC - Analyst : Got it. Helpful color. And then just the last two for me and I'll hop out of the queue. What is your CapEx expectation for 2024? And then on the balance sheet side, you know what, Mike do you think would be kind of the peak on need based on your current outlook in terms of what you might draw down on your credit facility?

Question: Jeremy Hamblin - Craig-Hallum Capital Group LLC - Analyst : Got it. Thanks so much and good luck this year. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 21, 2024 / 1:00PM, KIRK.OQ - Q4 2023 Kirkland's Inc Earnings Call

Question: John Lawrence - The Benchmark Company, LLC. - Analyst : Great, thanks and congrats, guys. On a great fourth quarter. Can you, Amy, can you talk a little bit about when you went into holiday and just looking at the whiteboard across the categories, what would you say you give the grades to what you expected to be really good and how it turned out from sort of the planning and allocation standpoint and presentation and maybe what surprised you or what disappointed you In short, sir,

Question: John Lawrence - The Benchmark Company, LLC. - Analyst : Great, thanks. And just to go through January a little bit, obviously cost your point point-and-a-half on I assume that stores here in the mid-South were US and closed several days. Our real impact us and not only customers couldn't get to the store, but I need to have good employees, correct?

Question: John Lawrence - The Benchmark Company, LLC. - Analyst : But yes, so last question for me is when you look at the store fleet in all the 9 or 10 stores you closed during the quarter as you look at that and Amy, as you as when you it took the top spot and you looked across the fleet of stores other some of those I assume with these changes over the last six months, an improvement there, some of those stores are staying open that would have been closed. Is that fair?

Question: John Lawrence - The Benchmark Company, LLC. - Analyst : Great. And just the idea that can you give us a sense of how many stores are close to that 1.2, 1.4 and gaining on those numbers as we speak. And I know there's work to be done there, but a sense of some of those have got to be approaching those numbers?