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Michaels Companies Inc (MIK.OQ)

MIK.OQ on NASDAQ Stock Exchange Global Select Market

5.44USD
23 Aug 2019
Change (% chg)

$-0.16 (-2.86%)
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Latest Key Developments (Source: Significant Developments)

The Michaels Companies Q1 Earnings Per Share $0.24
Thursday, 6 Jun 2019 07:00am EDT 

June 6 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES ANNOUNCES FIRST QUARTER 2019 RESULTS IN LINE WITH PREVIOUSLY PROVIDED GUIDANCE.Q1 ADJUSTED EARNINGS PER SHARE $0.31.Q1 EARNINGS PER SHARE $0.24.Q1 SALES $1.094 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.11 BILLION.Q1 SAME STORE SALES FELL 2.9 PERCENT.Q1 EARNINGS PER SHARE ESTIMATE $0.31 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.29 TO $2.41.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $0.13 TO $0.16.SEES FY 2019 SALES $5.19 BILLION TO $5.24 BILLION.UPDATES FY19 GUIDANCE TO REFLECT 25% TARIFFS.MICHAELS COMPANIES - SEES FISCAL 2019 COMP STORE SALES UP BETWEEN 0% - 1%.MICHAELS COMPANIES - SEES FISCAL 2019 ADJUSTED OPERATING INCOME IN RANGE OF $625 MILLION TO $650 MILLION, REFLECTING 25% TARIFF RATE.MICHAELS COMPANIES - SEES FISCAL 2019 CAPEX OF APPROXIMATELY $135 MILLION.MICHAELS COMPANIES - SEES Q2 COMP STORE SALES TO BE FLAT TO DOWN 1.5%.MICHAELS COMPANIES - SEES Q2 ADJUSTED OPERATING INCOME BETWEEN $65 MILLION AND $70 MILLION.FY EARNINGS PER SHARE VIEW $2.44, REVENUE VIEW $5.21 BILLION -- REFINITIV IBES DATA.  Full Article

The Michaels Companies Appoints Mark Cosby As Interim CEO
Thursday, 28 Feb 2019 09:00am EST 

Feb 28 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES ANNOUNCES EXECUTIVE TRANSITION.MICHAELS COMPANIES INC - APPOINTS MARK COSBY AS INTERIM CHIEF EXECUTIVE OFFICER.MICHAELS COMPANIES INC - REAFFIRMS PREVIOUSLY PROVIDED GUIDANCE FOR Q4 OF FISCAL 2018.MICHAELS COMPANIES INC - RUBIN WILL CONTINUE AS CHAIRMAN OF BOARD OF DIRECTORS UNTIL APRIL 1, 2019.MICHAELS COMPANIES INC - INITIATED A SEARCH TO IDENTIFY A PERMANENT CEO..MICHAELS COMPANIES INC - COSBY SUCCEEDS CHUCK RUBIN, WHO HAS MUTUALLY AGREED WITH BOARD OF DIRECTORS TO TRANSITION OUT OF HIS ROLE AS CEO.  Full Article

Michaels Companies Q3 Adjusted Earnings Per Share $0.48
Thursday, 6 Dec 2018 07:00am EST 

Michaels Companies Inc ::THE MICHAELS COMPANIES ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.48.Q3 EARNINGS PER SHARE $0.50.Q3 SALES $1.274 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.25 BILLION.SEES Q4 2018 ADJUSTED EARNINGS PER SHARE $1.42 TO $1.47.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.35 TO $2.39.SEES FY 2018 SALES $5.261 BILLION TO $5.278 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.44 -- REFINITIV IBES DATA.QTRLY COMPARABLE STORE SALES INCREASED 3.8%, OR 4.3% ON A CONSTANT CURRENCY BASIS.SEES FY COMPARABLE STORE SALES WILL INCREASE BETWEEN 0.7% AND 1.1%.  Full Article

The Michaels Companies Initiates $250 Million Accelerated Share Repurchase Agreement
Thursday, 28 Jun 2018 05:17pm EDT 

June 28 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES INITIATES $250 MILLION ACCELERATED SHARE REPURCHASE AGREEMENT.MICHAELS COMPANIES INC - ASR IS PART OF COMPANY'S BOARD-APPROVED $500 MILLION REPURCHASE AUTHORIZATION ANNOUNCED JUNE 15, 2017.MICHAELS COMPANIES INC - AT CONCLUSION OF ASR, TOTAL REMAINING AUTHORIZATION FOR FUTURE REPURCHASES IS EXPECTED TO BE ABOUT $100 MILLION.  Full Article

Michaels Companies Q4 Earnings Per Share $1.11
Thursday, 22 Mar 2018 07:00am EDT 

March 22 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES REPORTS RECORD FOURTH QUARTER AND FISCAL 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.19.Q4 EARNINGS PER SHARE $1.11.Q4 SAME STORE SALES ROSE 2.5 PERCENT.Q4 EARNINGS PER SHARE VIEW $1.19 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.19 TO $2.32.SEES Q1 2018 ADJUSTED EARNINGS PER SHARE $0.36 TO $0.38.SEES FY 2018 SALES $5.217 BILLION TO $5.293 BILLION.SEES Q1 2018 SALES $1.139 BILLION TO $1.15 BILLION.Q4 SALES $1.891 BILLION VERSUS I/B/E/S VIEW $1.88 BILLION.SEES 2018 COMPARABLE STORE SALES TO INCREASE BETWEEN 0% AND 1.5%.SEES 2018 CAPITAL EXPENDITURES WILL BE BETWEEN $160 MILLION AND $170 MILLION.SEES Q1 COMPARABLE STORE SALES TO INCREASE 0% TO 1.0%.  Full Article

Michaels Companies Q3 Adjusted Earnings Per Share $0.44
Thursday, 30 Nov 2017 07:00am EST 

Nov 30 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES REPORTS RECORD THIRD QUARTER SALES AND EARNINGS PER SHARE.Q3 ADJUSTED EARNINGS PER SHARE $0.44.Q3 EARNINGS PER SHARE $0.44.Q3 SAME STORE SALES ROSE 1 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.43 -- THOMSON REUTERS I/B/E/S.SEES FY 2017 EARNINGS PER SHARE $2.13 TO $2.16.SEES Q4 2017 EARNINGS PER SHARE $1.15 TO $1.18.Q3 SALES $1.24 BILLION VERSUS I/B/E/S VIEW $1.26 BILLION.SAYS TOTAL MERCHANDISE INVENTORY AT END OF Q3 WAS $1,404.2 MILLION COMPARED TO $1,394.1 MILLION IN Q3 OF FISCAL 2016.SAYS QTRLY NET SALES INCLUSIVE OF AN ESTIMATED $10 MILLION IN LOST SALES RELATED TO HURRICANES HARVEY AND IRMA.SEES FISCAL 2017 COMPARABLE STORE SALES TO INCREASE 0.6% TO 0.9%, OR 0.4% TO 0.7% ON A CONSTANT CURRENCY BASIS.SEES FISCAL 2017 CAPITAL EXPENDITURES TO BE APPROXIMATELY $120 MILLION.SEES FISCAL 2017 TOTAL NET SALES GROWTH OF 2.9% TO 3.2% INCLUDING IMPACT OF 53RD WEEK, WHICH IS PLANNED TO BE ABOUT $80 MILLION.FY EARNINGS PER SHARE VIEW $2.14 -- THOMSON REUTERS I/B/E/S.  Full Article