Kirkland's, Inc. (NASDAQ:KIRK) Q1 2023 Earnings Conference Call June 8, 2023 9:00 AM ET

Corporate Participants

Cody Cree - Director of Investor Relations

Ann Joyce - Interim Chief Executive Officer

Amy Sullivan - President and Chief Operating Officer

Mike Madden - EVP & Chief Financial Officer

Conference Call Participants

Jeremy Hamblin - Craig-Hallum Capital Group

John Lawrence - Benchmark

Operator

Good morning, everyone, and welcome. Thank you for participating in today's conference call to discuss Kirkland's financial results for the First Quarter ended April 29, 2023. [Operator Instructions]. Joining us today are Kirkland's Home Interim CEO, Ann Joyce; President and COO, Amy Sullivan; EVP and CFO, Mike Madden; and the company's External Director of Investor Relations, Cody Cree.

Following their remarks, we'll open the call for your questions. Before we go further, I would like to turn the call over to Mr. Cree as he reads the company's Safe Harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995 that provides important cautions regarding forward-looking statements. Also, just a reminder, the call is being recorded. Cody, please go ahead.

Cody Cree

Thanks, Andrew. Except for historical information discussed during this conference call, the statements made by company management are forward-looking and made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Kirkland's actual results in future periods to differ materially from forecasted results. Those risks and uncertainties are more fully described in Kirkland's filings with the Securities and Exchange Commission.

I'd like to remind everyone that this call will be available for replay through June 15, 2023. A webcast replay will also be available via the link provided in today's press release as well as on the company's website at kirklands.com.

Now I'd like to turn the call over to Kirkland's Home, Interim CEO, Ann Joyce. Ann, over to you.

Ann Joyce

Thank you, Cody, and good morning, everyone.

It's great to be joining you in my new role as Interim CEO. I've spent the last 2 years as a Board member and have been in this role a little over 2 months. And while there's a great deal of work to be done, being involved at this level has reinforced my view that our best days are ahead. Before we get into the quarter's results, I want to comment on my initial impressions and talk about what's next. As discussed on our last call, we disappointed some of our loyal customers in recent years by placing too much emphasis on promoting higher ticket items.