<SEC-DOCUMENT>0001299933-17-000107.txt : 20170203
<SEC-HEADER>0001299933-17-000107.hdr.sgml : 20170203
<ACCEPTANCE-DATETIME>20170203091034
ACCESSION NUMBER:		0001299933-17-000107
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170203
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170203
DATE AS OF CHANGE:		20170203

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:		17570343

	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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<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 3, 2017
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	Kirkland's, Inc.
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	(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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	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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___________<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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[&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 3, 2017, Kirkland's, Inc. (the "Company") issued a press release reporting sales results for its fourth fiscal quarter and year-to-date period ended January 28, 2017 (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 3, 2017 announcing the Company's fourth fiscal quarter sales results and updating full year guidance.
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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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	February 3, 2017
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	By:
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	/s/ Carter R. Todd
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	Name: Carter R. Todd
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	Title: Vice President and General Counsel
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	Exhibit&nbsp;Index
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	Exhibit No.
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	99.1
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Press Release dated February 3, 2017 announcing the Company's fourth fiscal quarter sales results and updating full year guidance
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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="center" style="font-size: 40pt"><FONT style="font-size: 12pt"><B>KIRKLAND&#146;S REPORTS FOURTH QUARTER SALES AND UPDATES<BR>
2016 OUTLOOK</B></FONT>



<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt">NASHVILLE, Tenn. (February&nbsp;3, 2017) &#151; Kirkland&#146;s, Inc. (NASDAQ: KIRK) today reported sales for
the 13-week and 52-week periods ended January&nbsp;28, 2017.
</FONT>

<P align="left" style="font-size: 11pt">Net sales for the 13&nbsp;weeks ended January&nbsp;28, 2017, increased 2.1% to $203.2&nbsp;million compared with
$199.0&nbsp;million for the 13&nbsp;weeks ended January&nbsp;30, 2016. Comparable store sales for the fourth
quarter of fiscal 2016, including e-commerce sales, decreased 4.6% compared with an increase of
1.3% in the prior-year quarter. Kirkland&#146;s opened four stores and closed one during the fourth
quarter of 2016, bringing the total number of stores to 404 at quarter end.


<P align="left" style="font-size: 11pt">Net sales for the 52&nbsp;weeks ended January&nbsp;28, 2017, increased 5.8% to $594.3&nbsp;million compared with
$561.8&nbsp;million for the 52&nbsp;weeks ended January&nbsp;30, 2016. Comparable store sales, including
e-commerce sales, decreased 2.9% for the 52&nbsp;weeks ended January&nbsp;28, 2017, compared with an increase
of 2.9% in the prior-year period. Kirkland&#146;s opened 42 stores and closed 14 during the 52-week
period.


<P align="left" style="font-size: 11pt">&#147;We were not immune from the broader trends impacting much of the retail industry during the fourth
quarter,&#148; said Mike Madden, President and Chief Executive Officer. &#147;Trends proved to be more
difficult than we anticipated as strong sales on Black Friday were offset by weak pre-holiday
traffic in December, and improved post-holiday sales were not enough to overcome December&#146;s
softness. Additionally, heightened promotional activity had an impact on merchandise margin for the
quarter. On a more positive note, we experienced another quarter of double-digit growth in our
e-commerce business, and we managed operating expenses and inventories well throughout the season.&#148;


<P align="left" style="font-size: 11pt">&#147;We enter 2017 with inventories on plan and a strong balance sheet, and remain confident about the
long-term outlook for the business. We&#146;ve enhanced our management team, and we&#146;re focused on
improving our pricing and promotional mix, merchandise assortment composition, marketing execution,
and in-store experience as part of our long-term strategy. We look forward to outlining these
initiatives and our outlook for 2017 on our upcoming earnings conference call in March,&#148; continued
Mr.&nbsp;Madden.


<P align="left" style="font-size: 11pt">Based on the fourth quarter sales results, Kirkland&#146;s now expects full year 2016 diluted earnings
per share in the range of $0.56 to $0.61 compared with its prior guidance of $0.70 to $0.75 per
diluted share. The updated performance outlook is based on current information as of February&nbsp;3,
2017. The information on which this outlook is based is subject to change and the Company may
update its full year business outlook or any portion thereof at any time for any reason.


<P align="center" style="font-size: 11pt"><FONT style="font-size: 10pt">-MORE-</FONT>



<P align="center" style="font-size: 10pt; display: none">1
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 11pt">KIRK Reports Fourth Quarter Sales Results
<BR>
Page 2
<BR>
February&nbsp;3, 2017
</FONT>

<P align="left" style="font-size: 11pt"><I>Investor Conference Call and Web Simulcast</I>


<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;10, 2017, and will host a conference call on the same day at 11:00&nbsp;a.m. ET. The
number to call for the interactive teleconference is (412)&nbsp;542-4163. A replay of the conference
call will be available through Friday, March&nbsp;17, 2017, by dialing (412)&nbsp;317-0088 and entering the
confirmation number, 10100654.


<P align="left" style="font-size: 11pt">A live broadcast of Kirkland&#146;s quarterly conference call will be available online at
ir.kirklands.com or https://www.webcaster4.com/Webcast/Page/957/19538 on March&nbsp;10, 2017, beginning
at 11:00&nbsp;a.m. ET. The online replay will follow shortly after the call and continue for one year.


<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 398 stores in 36 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, fluctuations
in cost and availability of products, interruptions in supply chain and distribution systems, the
ability to control employment, and other operating costs, availability of suitable retail locations
and other growth opportunities, disruptions in information technology systems including the
potential for security breaches of Kirkland&#146;s or its customers&#146; information, seasonal fluctuations
in consumer spending, 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;8, 2016. 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>

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