Can Kirkland’s Cycle Pick Up Again? Earnings May Have An Answer
Key Points Despite contractions felt in the real estate market, affecting sub-industries reliant on it, Kirkland’s presents a near 100% value proposition in the home furnishing industry.The company’s first quarter 2023 earnings results may point to the beginning of a new turnaround in the demand cycle, as comparable sales saw positive results in the past month.More aggressive pricing strategies, alongside improving merchandise input costs, are allowing the underlying gross margins of the business to expand.Closing underperforming stores will free additional resources to be allocated toward bet...