<SEC-DOCUMENT>0001299933-16-002007.txt : 20160205
<SEC-HEADER>0001299933-16-002007.hdr.sgml : 20160205
<ACCEPTANCE-DATETIME>20160205091048
ACCESSION NUMBER:		0001299933-16-002007
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160204
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160205
DATE AS OF CHANGE:		20160205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIRKLAND'S, INC
		CENTRAL INDEX KEY:			0001056285
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		IRS NUMBER:				621287151
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49885
		FILM NUMBER:		161390289

	BUSINESS ADDRESS:	
		STREET 1:		5310 MARYLAND WAY
		CITY:			BRENTWOOD
		STATE:			TN
		ZIP:			37027
		BUSINESS PHONE:		615-872-4800

	MAIL ADDRESS:	
		STREET 1:		5310 MARYLAND WAY
		CITY:			BRENTWOOD
		STATE:			TN
		ZIP:			37027

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIRKLANDS INC
		DATE OF NAME CHANGE:	19980219
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<TYPE>8-K
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<DESCRIPTION>LIVE FILING
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<TITLE> Kirkland's, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	February 4, 2016
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	Kirkland's, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Tennessee
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	000-49885
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	621287151
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_____________________<BR>
	(State or other jurisdiction
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	of incorporation)
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	File Number)
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	Identification No.)
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	5310 Maryland Way, Brentwood, Tennessee
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	37027
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	615-872-4800
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 2.02 Results of Operations and Financial Condition.
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On February 4, 2016, Kirkland's, Inc. (the "Company") issued a press release reporting sales results for its fourth fiscal quarter and year-to-date period ended January 30, 2016 (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 Report on Form 8-K.
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	Item 9.01 Financial Statements and Exhibits.
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(d) Exhibit<br><br>99.1 Press Release dated February 4, 2016 announcing the Company's fourth fiscal quarter sales results.
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Kirkland's, Inc.
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<I>
	February 5, 2016
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	By:
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	/s/ Carter Todd
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	Name: Carter Todd
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	Title: Vice President, General Counsel and Corporate Secretary
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	Exhibit&nbsp;Index
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	Exhibit No.
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	99.1
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	&nbsp;
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Press Release dated February 4, 2016 announcing the Company's fourth fiscal quarter sales results
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 48pt">K</FONT><FONT style="font-size: 40pt">IRKLAND&#146;S</FONT>



<P align="right" style="font-size: 40pt"><FONT style="font-size: 22pt">News Release</FONT>


<DIV align="center">
<TABLE style="font-size: 22pt" cellspacing="0" border="0" cellpadding="0" width="95%">
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    <TD width="22%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
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<!-- End Table Head -->
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    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">Contact:</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">Kirkland&#146;s</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">SCR Partners</FONT></DIV></TD>
</TR>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">Adam Holland</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">Jeff Black: (615)&nbsp;760-3679</FONT></DIV></TD>
</TR>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">(615) 872-4800</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">Tripp Sullivan: (615)&nbsp;760-1104</FONT></DIV></TD>
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    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">IR@Kirklands.com</FONT></DIV></TD>
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<P align="center" style="font-size: 11.5pt"><FONT style="font-size: 12pt"><B>KIRKLAND&#146;S REPORTS FOURTH QUARTER SALES</B></FONT>



<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt">NASHVILLE, Tenn. (February&nbsp;4, 2016) &#151; Kirkland&#146;s, Inc. (NASDAQ: KIRK) today reported sales for
the 13-week and 52-week periods ended January&nbsp;30, 2016. Net sales for the 13&nbsp;weeks ended January
30, 2016, increased 11.4% to $199.0&nbsp;million compared with $178.7&nbsp;million for the 13&nbsp;weeks ended
January&nbsp;31, 2015. Comparable store sales for the fourth quarter of fiscal 2015, including
e-commerce sales, rose 1.3% compared with an increase of 8.2% in the prior-year quarter. Kirkland&#146;s
opened 12 stores and closed six during the fourth quarter, bringing the total number of stores to
376 at quarter end.
</FONT>

<P align="left" style="font-size: 11pt">Net sales for the 52&nbsp;weeks ended January&nbsp;30, 2016, increased 10.7%, to $561.8&nbsp;million compared with
$507.6&nbsp;million for the 52&nbsp;weeks ended January&nbsp;31, 2015. Comparable store sales for fiscal 2015,
including e-commerce sales, increased 2.9% compared with a 6.1% increase in fiscal 2014. The
Company opened 43 stores and closed 11 during fiscal 2015.


<P align="left" style="font-size: 11pt">During the quarter Kirkland&#146;s repurchased 1,398,667 shares for $19.3&nbsp;million, completing its $30
million share repurchase plan authorized in May&nbsp;2014. Based on this activity, the weighted average
diluted share count is expected to be approximately 17.1&nbsp;million and 17.6&nbsp;million for the 13&nbsp;weeks
and 52&nbsp;weeks ended January&nbsp;30, 2016, respectively.


<P align="left" style="font-size: 11pt">&#147;Promotional levels were higher during the quarter, as we had anticipated,&#148; said Mike Madden,
Kirkland&#146;s President and Chief Executive Officer. &#147;Adverse weather provided traffic challenges in
late January, yet we expect fourth quarter earnings for fiscal 2015 to be within our existing
guidance range of $0.88 to $0.95 per diluted share.&#148;


<P align="left" style="font-size: 11pt">The Company continues to expect adjusted fiscal 2015 earnings per diluted share in the range of
$0.89 to $0.96, excluding a $0.02 per diluted share charge related to the retirement of the
Company&#146;s previous CEO.


<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->

<P align="left" style="font-size: 11pt">KIRK Reports Fourth Quarter and Fiscal 2015 Sales
<BR>
Page 2
<BR>
February&nbsp;4, 2016


<P align="left" style="font-size: 11pt">Kirkland&#146;s will issue its earnings release for the fourth quarter before the market opens on
Friday, March&nbsp;11, 2016, and will host a conference call on the same day at 11:00&nbsp;a.m.&nbsp;ET. The
number to call for the interactive teleconference is (412)&nbsp;542-4163.


<P align="left" style="font-size: 11pt">A live broadcast of Kirkland&#146;s quarterly conference call will be available online at the Company&#146;s
website <U>www.kirklands.com</U> under Investor Relations or
</FONT><FONT style="font-size: 9.5pt"><U>https://www.webcaster4.com/Webcast/Page/957/13317</U>
</FONT><BR>
<FONT style="font-size: 11pt">on March&nbsp;11, 2016, beginning at 11:00&nbsp;a.m.&nbsp;Eastern time. The online replay will follow shortly
after the call and continue for one year.
</FONT>

<P align="left" style="font-size: 11pt"><I>About Kirkland&#146;s, Inc.</I>
<BR>
Kirkland&#146;s, Inc. was founded in 1966 and is a specialty retailer of home d&#233;cor in the United
States. Although originally focused in the Southeast, the Company has grown beyond that region and
currently operates 376 stores in 35 states.&nbsp; The Company&#146;s stores present a broad selection of
distinctive merchandise, including framed art, mirrors, candles, lamps, picture frames, accent
rugs, garden accessories and artificial floral products.&nbsp; The Company&#146;s stores also offer an
extensive assortment of gifts, as well as seasonal merchandise.&nbsp; More information can be found at
<U>www.kirklands.com</U>.


<P align="left" style="font-size: 11pt"><I>Forward-Looking Statements</I>
</FONT><BR>
<FONT style="font-size: 10.5pt"><I>Except for historical information contained herein, the statements in this release are
forward-looking and made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause Kirkland&#146;s actual results to differ materially from forecasted
results. Those risks and uncertainties include, among other things, the competitive environment in
the home d&#233;cor industry in general and in Kirkland&#146;s specific market areas, inflation, product
availability and growth opportunities, seasonal fluctuations, and economic conditions in general.
Those and other risks are more fully described in Kirkland&#146;s filings with the Securities and
Exchange Commission, including the Company&#146;s Annual Report on </I><I>Form 10-K</I><I> filed on April&nbsp;14, 2015.
Kirkland&#146;s disclaims any obligation to update any such factors or to publicly announce results of
any revisions to any of the forward-looking statements contained herein to reflect future events or
developments.</I>
</FONT>

<P align="left" style="font-size: 10.5pt"><FONT style="font-size: 11pt"><I>Additional Information</I>
</FONT><BR>
<FONT style="font-size: 10.5pt"><I>The preliminary estimates included in this release represent the most current information
available to management, as our financial closing procedures for the quarter and full year ended
January&nbsp;30, 2016 are not yet complete. These estimates are not a comprehensive statement of our
financial results for the 13&nbsp;weeks and 52&nbsp;weeks ended January&nbsp;30, 2016, and our actual results may
differ materially from these estimates as a result of the completion of our financial closing
procedures, final adjustments and other developments arising between now and the time that our
financial results for the 13&nbsp;weeks and 52&nbsp;weeks ended January&nbsp;30, 2016 are finalized.</I>
</FONT>

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