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 today, June 15, 2017, at 8:30am ET.

Chuck Rubin, Chairman and Chief Executive Officer, said, “We are pleased to announce a new $500 million share repurchase authorization today. The retail-leading profitability and high returns on invested capital we have generated have resulted in a track record of strong and consistent free cash flow. In the last three years alone we have generated more than $1.5 billion in cash from operations, of which $500 million has been allocated towards share repurchases, and over $500 million towards debt reduction.”

Shares may be repurchased from time to time on the open market, through block trades or otherwise. The share repurchase program does not have an expiration date, and the timing and number of repurchase transactions under the program will depend on market conditions, corporate considerations, debt agreements, and regulatory requirements.

A live webcast of today’s investor event will be available at http://investors.michaels.com/. The webcast will be accessible for 30 days after the event.

About The Michaels Companies, Inc.:

The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.

As of April 29, 2017, the Company owned and operated 1,364 stores in 49 states and Canada under the brands Michaels, Aaron Brothers, and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry. The Michaels Companies, Inc. produces a number of private brands including Recollections®, Studio Decor®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, ArtMinds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, Imagin8®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

SOURCE: The Michaels Companies, Inc.

Investor Contact:
The Michaels Companies, Inc.
Kiley F. Rawlins
CFA, 972-409-7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi
203-682-8200
Farah.Soi@icrinc.com

Financial Media Contact:
ICR, Inc.
Jessica Liddell
203-682-8200

Julia Young
203-682-8208
Michaels@icrinc.com

News Provided by Acquire Media

The Michaels Companies, Inc. to host 1Q 2017 results conference call on Tuesday, June 6, 2017

IRVING, Texas, 2017-May-24 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today (2017-05-22) announced that the Company plans to report first quarter results on Tuesday, June 6, 2017, before the opening of financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT onTuesday, June 6, 2017, to discuss its financial and operational results.

Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10107108. Callers who pre-register will be given a phone number and a unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

Investors without internet access or who are unable to pre-register can join the call by dialing (866) 777-2509 or (412) 317-5413.

The conference call will also be webcast at http://investors.michaels.com/. To listen to the live call, please go to the website at least 15 minutes before the call is scheduled to begin to register and download any necessary audio software. The webcast will be accessible for 30 days after the call. Additionally, a telephone replay will be available until June 20, 2017, by dialing (877) 344-7529 or (412) 317-0088, access code 10107108.

About The Michaels Companies, Inc.

The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.

As of January 28, 2017, the Company owned and operated 1,367 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry. The Michaels Companies, Inc. produces a number of private brands including Recollections®, Studio Decor™®, Bead Landing®, Creatology®, Ashland®, Celebrate It®, ArtMinds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market™®, Foamies®, LockerLookz®, Imagin8®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

Investors:
Kiley F. Rawlins
CFA
972-409-7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi
CFA
203-682-8200
Farah.Soi@icrinc.com

Financial Media:
ICR, Inc.
Jessica Liddell / Julia Young
203-682-8200
Michaels@icrinc.com

Source: The Michaels Companies, Inc.

The Michaels Companies, Inc. to host 4Q and full year results conference call on Tuesday, March 7, 2017

IRVING, Texas, 2017-Feb-22 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today (2017-02-20) announced that the Company plans to report fourth quarter and full year results on Tuesday, March 7, 2017, 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, March 7, 2017, to discuss its financial and operational results.

Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10100489. Callers who pre-register will be given a phone number and a unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

Investors without internet access or who are unable to pre-register can join the call by dialing (866) 777-2509 or (412)-317-5413.

The conference call will also be webcast at http://investors.michaels.com/. To listen to the live call, please go to the website at least 15 minutes before the call is scheduled to begin to register and download any necessary audio software. The webcast will be accessible for 30 days after the call. Additionally, a telephone replay will be available untilMarch 23, 2017, by dialing (877) 344-7529 or (412) 317-0088, access code 10100489.

About The Michaels Companies, Inc.

The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of October 29, 2016, the Company owned and operated 1,368 stores in 49 states and Canada under the brands Michaels, Aaron Brothers, and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry. The Michaels Companies, Inc. produces a number of private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

Investors:
The Michaels Companies, Inc.
Kiley F. Rawlins, CFA
972-409-7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi
203-682-8200
Farah.Soi@icrinc.com

Financial Media:
ICR, Inc.
Jessica Liddell / Julia Young
203-682-8200
Michaels@icrinc.com

Source: The Michaels Companies, Inc.

The Michaels Companies, Inc. to report 3Q2016 results on December 6, 2016

IRVING, Texas, 2016-Nov-16 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today (2016-11-14) announced that it will report third quarter results on Tuesday, December 6, 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, December 6, 2016, to discuss its financial and operational results.

Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10096593. Callers who pre-register will be given a conference call passcode and a unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time.

Investors without internet access or who are unable to pre-register can join the call by dialing (866) 777-2509 or (412)-317-5413.

The conference call will also be webcast at http://investors.michaels.com/. To listen to the live call, please go to the website at least 15 minutes before the call is scheduled to begin to register and download any necessary audio software. The webcast will be accessible for 30 days after the call. Additionally, a telephone replay will be available untilDecember 13, 2016, by dialing (877) 344-7529 or (412) 317-0088, access code 10096593.

About The Michaels Companies, Inc.

The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of July 30, 2016, the Company owned and operated 1,356 stores in 49 states and Canada under the brands Michaels, Aaron Brothers, and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry. The Michaels Companies, Inc. produces a number of exclusive private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

Investors Contact:
The Michaels Companies, Inc.
Kiley F. Rawlins, CFA,
972-409-7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi / Anne Rakunas
203-682-8200
Farah.Soi@icrinc.com / Anne.Rakunas@icrinc.com

Financial Media:
ICR, Inc.
Jessica Liddell / Julia Young
203-682-8200
Michaels@icrinc.com

Source: The Michaels Companies, Inc.

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 Financial Officer, are scheduled to present on Wednesday, September 7, 2016, at 8:50 a.m., Eastern Time.

The audio portion of the presentation will be webcast live at http://investors.michaels.com/, and an archived replay will be available for 30 days.

About The Michaels Companies, Inc.
The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.  As of July 30, 2016, the Company owned and operated 1,356 stores in 49 states and Canada under the brands Michaels, Aaron Brothers, and Pat Catan’s.  The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry.  The Michaels Companies, Inc. produces a number of exclusive private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

Investor Contact:
Kiley F. Rawlins, CFA
972.409.7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi / Anne Rakunas
203.682.8200
Farah.Soi@icrinc.com / Anne.Rakunas@icrinc.com

Financial Media Contact:
ICR, Inc.
Michael Fox / Jessica Liddell
203.682.8200 / 203.682.8208

Source: Michaels Stores, Inc./GLOBE NEWSWIRE

The Michaels Companies, Inc. to report second quarter results on August 25, 2016

IRVING, Texas, 2016-Aug-16 — /EPR Retail News/ — The Michaels Companies, Inc. (NASDAQ:MIK) today announced that it will report second quarter results on Thursday, August 25, 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 Thursday, August 25, 2016, to discuss the financial and operational results.

Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10091269.  Callers who pre-register will be given a conference call passcode and a unique PIN to gain immediate access to the call and bypass the live operator.  Participants may pre-register at any time, including up to and after the call start time.

Investors without internet access or who are unable to pre-register can join the call by dialing (866) 777-2509 or (412)-317-5413.

The conference call will also be webcast at http://investors.michaels.com/. To listen to the live call, please go to the website at least 15 minutes before the call is scheduled to begin to register and download any necessary audio software. The webcast will be accessible for 30 days after the call.  Additionally, a telephone replay will be available until September 8, 2016, by dialing (877) 344-7529 or (412) 317-0088, access code 10091269.

About The Michaels Companies, Inc.
The Michaels Companies, Inc. is North America’s largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator.  As of April 30, 2016, the Company owned and operated 1,352 stores in 49 states and Canada under the brands Michaels, Aaron Brothers, and Pat Catan’s.  The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry.  The Michaels Companies, Inc. produces a number of exclusive private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart®, Loops & Threads®, Make Market®, Foamies®, LockerLookz®, and Sticky Sticks®. Learn more about Michaels at www.michaels.com.

Investor Contacts:
Kiley F. Rawlins, CFA
972.409.7404
Kiley.Rawlins@michaels.com

ICR, Inc.
Farah Soi/Anne Rakunas
203.682.8200
Farah.Soi@icrinc.com/Anne.Rakunas@icrinc.com

Financial Media Contacts:
ICR, Inc.
Michael Fox/Kristina Jorge
203.682.8200
Michaels@icrinc.com 

Source: Michaels Stores, Inc.