Kirkland's sees Q3 revenue $113M-$115M, consensus $116.10M Inventories are expected to increase in Q3. Sees Q3 SSS up 3%-4.5% compared to the same period last year. Anticipates opening 13 stores and closing 2 stores in Q3. Comments made during the company's Q2 earnings conference call.
Kirkland's downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Kirkland's to Neutral saying the company's sales in Texas, which represent 19% of the store base, may be weak amid declining oil prices. Piper keeps a $24 price target for shares.