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Tag: The Michaels Companies

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The Michaels Companies 3Q 2017 financial results: Total net sales increased 1.1

Comparable store sales increased 1.0%, including the negative impact of approximately 80 basis points related to lost sales from hurricanes Operating income of $153.9 million Diluted EPS of $0.44, including the negative impact of approximately $0.01 related to hurricanes IRVING, Texas, 2017-Dec-04 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (2017-11-30) announced financial results for…
December 4, 20170Comments

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Art Business Financial Furniture Home Decor Management Retail Retailer

The Michaels Companies to host Q3 results conference call on Thursday, November 30, 2017

IRVING, Texas, 2017-Nov-15 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (2017-11-13) announced that the Company plans to report third quarter results on Thursday, November 30, 2017, before the opening of U.S. financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Thursday, November 30, 2017, to discuss its…
November 14, 20170Comments

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The Michaels Companies now Offers High Quality Framing Services with the Click of a Button

The Michaels Companies now Offers High Quality Framing Services with the Click of a Button   IRVING, Texas, 2017-Oct-26 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK), North America's largest specialty arts and crafts provider, announces the launch of Framerspointe.com, a quick and easy way to digitally design and purchase custom framing. The new online destination for framing…
October 26, 20170Comments

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Art Business Financial Management Retail Retailer

The Michaels Companies to host Q2 results conference call on Thursday, August 24, 2017

IRVING, Texas, 2017-Aug-12 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ: MIK) today (2017-08-10) announced that the Company plans to report second quarter results on Thursday, August 24, 2017, before the opening of U.S. financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Thursday, August 24, 2017, to discuss its…
August 12, 20170Comments

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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…
December 9, 20160Comments

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Denise Paulonis named Executive VP – Chief Financial Officer at The Michaels Companies effective August 29, 2016

IRVING, Texas, 2016-Aug-27 — /EPR Retail News/ — As part of the company's previously announced CFO succession plan, The Michaels Companies, Inc. (NASDAQ:MIK) today (Aug. 25, 2016) named Denise Paulonis Executive Vice President - Chief Financial Officer, effective August 29, 2016. Ms. Paulonis, currently Senior Vice President - Finance, succeedsChuck Sonsteby, Vice Chairman and Chief Financial…
August 27, 20160Comments

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The Michaels Companies announced 2Q financial results ended July 30, 2016

IRVING, Texas, 2016-Aug-26 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today (Aug. 25, 2016) announced financial results for the second quarter ended July 30, 2016. "We are pleased that our team delivered second quarter results within our expectations, despite a retail environment which continues to be choppy. As anticipated, the quarter was uniquely challenged…
August 26, 20160Comments

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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…
June 9, 20160Comments

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The Michaels Companies to participate in the 2016 Barclays High Yield Bond & Syndicated Loan Conference, Colorado Springs, Colorado, June 9, 2016

IRVING, Texas, 2016-Jun-09 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it will participate in the 2016 Barclays High Yield Bond & Syndicated Loan Conference, which will be held at The Broadmoor in Colorado Springs, Colorado. Chuck Sonsteby, Chief Administrative Officer and Chief Financial Officer, is scheduled to present on Thursday,…
June 9, 20160Comments

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The Michaels Companies, Inc. to host Q1-2016 results conference call on Tuesday, June 7, 2016

IRVING, Texas, 2016-May-24 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it will report first quarter results on Tuesday, June 7, 2016, before the opening of financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Tuesday, June 7, 2016. Investors can join…
May 24, 20160Comments

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Business Management Retail Retailer

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…
February 4, 20160Comments

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The Michaels Companies will participate in the 2016 ICR Conference in Orlando, Florida

IRVING, Texas, 2016-1-7 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it will participate in the 2016 ICR Conference, which will be held at the JW Marriott Orlando Grande Lakes in Orlando, Florida. Chuck Sonsteby, Chief Administrative Officer and Chief Financial Officer, is currently scheduled to present on Tuesday, January…
January 7, 20160Comments

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The Michaels Companies at the 22nd Annual Goldman Sachs Global Retailing Conference in New York City

IRVING, Texas, 2015-9-4 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it will participate in the 22nd Annual Goldman Sachs Global Retailing Conference, held at the Plaza Hotel in New York City. Chuck Sonsteby, Chief Administrative Officer and Chief Financial Officer, is currently scheduled to present on Thursday, September 10,…
September 4, 20150Comments

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The Michaels Companies, Inc. reports 3.8% increase of net sales and 89.8% of operating income in Q2 2015 financial results

Net sales increased 3.8% to $984.3 million Operating income increased 89.8% to $96.6 million; adjusted diluted EPS increased 21.4% to $0.17 Updates fiscal year 2015 outlook for diluted EPS to $1.66-$1.72 IRVING, Texas, 2015-8-27— /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced financial results for the quarter ended August 1, 2015. Chuck Rubin,…
August 27, 20150Comments

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