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Giving Home > Giving News > Finance News > Kirkland's Posts Earnings

Kirkland's Posts Earnings

Published June 20, 2025

Kirkland’s, Inc. (KIRK) announced its first quarter earnings on Tuesday, June 17. The home decor retailer missed quarterly revenue estimates, causing the company’s stock to drop more than 10% in pre-market trading following the report’s release.

The company posted quarterly revenue of $81.5 million, down 11% from $91.8 million reported during the same quarter last year. This missed analysts’ expectations of $85.6 million in sales.

"Like many in retail, our first quarter performance was impacted by weather and the continued softness in consumer sentiment,” said Kirkland’s CEO, Amy Sullivan. “We are realigning our business to drive performance and profitability - strengthening our team, sharpening our operational discipline to improve inventory productivity, and accelerating the brand conversion or closure of underperforming assets across our portfolio."

For the quarter, Kirkland’s reported a net loss of $11.8 million or $0.54 per adjusted share. This was more than the net loss of $8.8 million or $0.68 per adjusted share reported in the same quarter last year.

The Tennessee-based home furnishing retailer experienced an 8.9% decrease in comparable sales, a 3.1% decline in comparable store sales and a 26.7% decrease in e-commerce sales. The company attributed the poor performance in comparable sales to a reduction in consolidated average ticket and e-commerce traffic, which was partially offset by an increase in store conversion. During the quarter, the company closed three stores and ended the quarter with 314 total stores. The company also announced plans to change its corporate name to The Brand House Collective, Inc. to reflect its partnerships with iconic home and family brands such as Bed Bath & Beyond, Overstock and buybuy Baby. 

Kirkland’s, Inc. (KIRK) shares ended the week at $1.09, down 11% for the week.

La-Z-Boy Delivers Earnings Report  

La-Z-Boy, Inc. (LZB) announced its fourth quarter and full-year earnings on Wednesday, June 18. Despite the residential furniture retailer beating quarterly revenue estimates, the company’s stock dipped by over 2% following the report’s release.

The company posted quarterly sales of $570.9 million, up 3% from $553.5 million reported during the same quarter last year and surpassed analysts’ expectations of $558.2 million. For the full year, revenue came in at $2.1 billion, up 3% from $2.0 billion reported one year ago.

“Our fourth quarter results reflect the ongoing strengthening of our brand and operations under our Century Vision strategy,” said La-Z-Boy CEO, Melinda D. Whittington. “Even as we expect global economic uncertainty to continue challenging consumers in the near term, we are confident in the strength of our business model to outperform our peers and deliver strong financial performance.”

For the quarter, La-Z-Boy reported net income of $14.9 million or $0.36 per adjusted share. This was a decrease from net income of $39.3 million or $0.91 per adjusted share in the same quarter last year. For the full year, the company reported net income of $99.6 million, down from $122.6 million reported last year.

The Michigan-based furniture manufacturer, known for its recliners, sofas and chairs, experienced an increase in delivered sales for the company-owned Furniture Galleries stores of 8%, reaching $247 million in the quarter. Wholesale sales rose by 2% to $402 million, attributed to higher sales in its North America La-Z-Boy wholesale business compared to the same time last year. The company expects revenue for the first quarter of fiscal 2026 to be between $490 million to $510 million.

La-Z-Boy, Inc. (LZB) shares ended the week at $38.13, remaining relatively unchanged for the week.

LiveOne Releases Quarterly Earnings

LiveOne, Inc. (LVO) announced its fourth quarter and full-year earnings on Wednesday, June 18. The music and entertainment subscription service’s stock fell by over 2% after reporting sales that did not meet quarterly revenue estimates.

The company posted quarterly sales of $19.3 million, down from $30.9 million reported during the same quarter last year and missed analysts’ expectations of $24.0 million. For the full year, revenue came in at $114.4 million, down from $118.4 million reported one year ago.

“I am proud to share that we have surpassed our guidance for revenues and adjusted EBITDA for fiscal 2025,” said LiveOne’s CEO, Robert Ellin. “This is a clear reflection of our dedication to excellence and our creator-first approach centered around superfans.”

For the quarter, LiveOne reported a net loss of $7.9 million or $0.08 per adjusted share. This was an increase from a net loss of $2.0 million or $0.03 per adjusted share in the same quarter last year. For the full year, the company reported a net loss of $16.2 million compared to a net loss of $12.0 million reported last year.

The California-based entertainment subscription platform, known for its music, sports and podcasts, attributed its decline in quarterly revenue to reductions in Slacker Radio revenues. However, the company experienced record earnings in its Audio Division with a fiscal 2025 revenue of $108.9 million. The company had an operating loss of $8.2 million in the fourth quarter compared to an operating loss of $1.2 million during the same quarter last year.

LiveOne, Inc. (LVO) shares ended the week at $0.72, down 9% for the week.

The Dow started the week of 6/16 at 42,300 and closed at 42,207 on 6/20. The S&P 500 started the week at 6,004 and closed at 5,968. The NASDAQ started the week at 19,551 and closed at 19,447.