On Nov. 17, Kirkland's (NASDAQ:KIRK) released third-quarter earnings for the period ended Oct. 28.

  • Sales increased by 6.2% to $95.8 million, but the comparable store sales decreased by 6.7%, mainly because of fewer transactions.
  • During the quarter the company opened 17 stores and closed three stores. It expects to open 13 new stores and close 20 additional stores in the fourth quarter.
  • Kirkland's doesn't meet our size criteria for CAPS. But that shouldn't stop you from checking out other companies in our new rating service.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$95,802

$90,200

6.2%

Net Profit

($2,933.0)

($2,479.0)

N/A

EPS

($0.15)

($0.13)

N/A

Diluted Shares

19,444

19,336

0.6%



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

30.1%

28.5%

1.6

Operating Margin

(5.3%)

(4.5%)

(0.7)

Net Margin

(3.1%)

(2.8%)

(0.3)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$381

$463

(17.7%)

Accounts Rec.

$0.0

$0.0

N/A

Inventory

$63,138

$57,811

9.2%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$33,624

$35,476

(5.2%)

Long-Term Debt

$0.0

$0.0

N/A



Learn the ways of the balance sheet.

Cash Flow Highlights

The cash flow statement must be stuck between some pillows or behind a print. They'll find it before the 10-Q.

Find out why Fools always follow the money.

Related Companies:

  • Pier 1 (NYSE:PIR)
  • Cost Plus (NASDAQ:CPWM)
  • Bombay Company (NYSE:BBA)

Related Foolishness:

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.