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Kirkland's fiscal Q1 profit climbs 19.2% YOY

Kirkland's Inc. said its normalized net income for the fiscal first quarter ended May 3 was 12 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

EPS increased 16.5% year over year from 10 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.1 million, an increase of 19.2% from $1.8 million in the prior-year period.

The normalized profit margin climbed to 1.9% from 1.7% in the year-earlier period.

Total revenue grew 6.9% year over year to $108.3 million from $101.2 million, and total operating expenses grew 6.6% year over year to $104.9 million from $98.4 million.

Reported net income increased 22.7% on an annual basis to $2.1 million, or 12 cents per share, from $1.7 million, or 10 cents per share.