The Michaels Companies, Inc. announces new share repurchase program for up to $500 million of its common stock

IRVING, Texas, 2017-Jun-15 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (June 15, 2017) announced that its Board of Directors has authorized a new share repurchase program for up to $500 million of its common stock. This announcement is in advance of the Company’s Analyst Day presentation which is scheduled to begin […]

Michaels Companies 1Q FY 2017 financial results: Net sales were $1.16 billion, flat with net sales in 1Q FY 2016

Total net sales of $1.16 billion; comparable store sales decreased 1.2% Operating income of $139.3 million Diluted EPS of $0.38 Fiscal 2017 guidance updated in response to weakening Canadian exchange rates IRVING, Texas, 2017-Jun-07 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (2017-06-06) announced financial results for the first quarter ended […]

The Michaels Companies presents 3Q 2016 financial results

Total net sales increased 5.0%; comparable store sales decreased 2.0% Operating income of $146.3 million compared to $155.9 million in fiscal 2015; adjusted operating income of $148.6 million Diluted EPS of $0.37 compared to $0.37 in fiscal 2015; adjusted diluted EPS of $0.40 Management provides updated guidance for fiscal 2016 adjusted diluted EPS to be […]

The Michaels Companies, Inc. to present at the Goldman Sachs 23rd Annual Global Retailing Conference on September 7, 2016

IRVING, Texas, 2016-Sep-05 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today (Sept. 01, 2016) announced that it will participate in the Goldman Sachs 23rd Annual Global Retailing Conference, which will be held at The Plaza Hotel in New York City, New York. Chuck Rubin, Chairman and CEO, and Denise Paulonis, EVP – Chief […]

The Michaels Companies announces financial results for the first quarter ended April 30, 2016

Total net sales increased 7.5% to $1.16 billion, or 8.1% on a constant currency basis Comparable store sales increased 0.9%, or 1.4% on a constant currency basis Operating income increased 0.9% to $145.3 million; adjusted operating income increased 6.3% to $153.0 million Diluted EPS increased 6.3% to $0.34; adjusted diluted EPS increased 12.5% to $0.36 […]

The Michaels Companies, Inc. announces the acquisition of Lamrite West, Inc. for $150 million

IRVING, Texas, 2016-Feb-04 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it has acquired Lamrite West, Inc. and certain of its affiliates and subsidiaries (“Lamrite West”), an international wholesale and retail supplier of arts and crafts, for $150.0 million. The Company anticipates that the impact of the acquisition, excluding purchase accounting […]

Crafts retailer Michaels and online DIY marketplace Darby Smart to make crafting simpler and more accessible to everyone

Craft Leader and Online DIY Marketplace Join Forces to Make Crafting Easier, More Accessible for All IRVING, Texas, 2015-8-20— /EPR Retail News/ — Michaels (Nasdaq:MIK), the world’s largest arts and crafts retailer and top online crafting resource, has partnered with trend-driven online DIY marketplace Darby Smart to make crafting simpler and more accessible to everyone. […]