Shares of Kirkland's Inc. were indicated down about 14% toward a 10-year low in premarket trade Thursday, after the home decor retailer reported a fiscal first-quarter loss that widened more than expected, on sales that fell more than forecast. The net loss for the quarter to May 4 grew to $8.9 million, or 62 cents a share, from $882,000, or 6 cents a share, in the year-ago period. Excluding non-recurring items, the adjusted loss per share was 53 cents, missing the FactSet consensus for a per-share loss of 41 cents. Net sales fell 9.0% to $129.6 million, below the FactSet consensus of $132.4 million, as negative store traffic and a decline in average ticket offset improved conversion. Same-store sales fell 10.7%, while the estimates of two analysts surveyed by FactSet ranged from a decline of 6.0% to a drop of 10.0%. The company cut its fiscal 2019 EPS guidance range to flat to 15 cents from 15 cents to 30 cents. Kirkland's said it was taking additional cost-cutting steps to reduce expenses by $10 million this year, and to mitigate the potential impact of higher tariffs on home decor products. The stock has tumbled 55% over the past three months through Wednesday, while the SPDR S&P Retail ETF has lost 9.7% and the S&P 500 has gained 2.0%.