An analysis of Kirkland's (NASDAQ: KIRK), William-Sonoma (NYSE: WSM), Haverty Furniture (NYSE: HVT), and Pier 1 Imports (NYSE: PIR) has been performed at the Small Cap Network.
With the Home Furnishing Retailers Index outperforming the S&P 500 by 15% this month, spending on home products seems to be strong even though the recession may be hampering consumer spending in other venues. But, are the gains actually justified by results?
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Kirkland's added 10% to its sector-leading 20% one-month gains yesterday, while William-Sonoma (NYSE: WSM) shares have gained 20% since January. While sales in Q4 2008 fell almost 27%, William-Sonoma has managed to cut its costs drastically. The company expects be able to derive profits between $1 and $2 per share for 2009. Pier 1 Imports Inc. moved to a fiscal first-quarter profit Thursday, topping analyst's expectations. The retailer was helped by a hefty gain related to the reduction of some debt.
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http://community.smallcapnetwork.com/KIRK-WSN-PIR-Move-Higher-As-Consumers-Shell-Out-Cash-For-Home-Products/s/article/view/p/mid/1/id/123/
