Kirkland’s, Inc. (NASDAQ:KIRK) Q3 2022 Earnings Call Transcript

John Lawrence: Great, thanks for that. And secondly, Mike, first of all, welcome back.

Mike Madden: Thanks, John.

John Lawrence: Can you talk a little bit about maybe the 10 stores, any 10 stores, you’re going to close where kind of I mean were those, can you quantify maybe what losses you were seeing as those stores combined?

Steven Woodward: Yes, it’s not, it’s not why we think about it as kind of overall breakeven type for walls. So not a big loss of profitability. And so therefore, not a big impact going into next year, and they’re really associated with kind of an annual review of short-term leases and leases they are about to expire. And so we were able to retain most of what we wanted to retain there, so I would, I think it’s pretty negligible.

John Lawrence: Thanks. Good luck for holidays, congrats on the inventory.

Steven Woodward: Thank you.

Mike Madden: Thank you, John.

Operator: At this time, this concludes our question-and-answer session. I would now like to turn the call back over to Mr. Woodward for any closing remarks.

Steven Woodward: Well, first of all, we’d like to thank everyone for listening on today’s call and we look forward to speaking with you, when we report our fourth quarter and 2022 fiscal year results. And again, thank you for joining us. Have happy holidays.

Operator: Ladies and gentlemen, this does concludes today’s teleconference. You may disconnect your line at this time. Thank you for your participation.