Edition:
United States

Michaels Companies Inc (MIK.OQ)

MIK.OQ on NASDAQ Stock Exchange Global Select Market

19.18USD
20 Nov 2017
Change (% chg)

-- (--)
Prev Close
$19.18
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
591,269
52-wk High
$25.55
52-wk Low
$17.26

Latest Key Developments (Source: Significant Developments)

The Michaels Cos Q2 earnings per share $0.19
Thursday, 24 Aug 2017 07:00am EDT 

Aug 24 (Reuters) - Michaels Companies Inc :The Michaels Cos reports record second quarter sales and earnings per share.Q2 earnings per share $0.19.Sees FY 2017 earnings per share $2.11 to $2.16.Sees Q3 2017 earnings per share $0.41 to $0.43.Q2 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.Qtrly ‍comparable store sales increased 0.6%​.Qtrly ‍net sales increased 1.2%, or 1.3% on a constant currency basis, to $1,072.6 million​.Michaels companies inc - sees ‍fiscal 2017 comparable store sales to increase 0.5% to 1.5%​.Michaels Companies Inc - sees ‍fiscal 2017 capital expenditures to be between $125 million and $135 million​.Michaels Companies Inc sees FY ‍total net sales growth of 2.8% to 3.8%​.Michaels companies Inc - sees Q3 ‍comparable store sales to increase 1.2% to 2.2%​.Michaels Companies Inc - ‍company now expects Canadian exchange rate will average $1.31 for full year​.  Full Article

Michaels Cos announces new share repurchase authorization
Thursday, 15 Jun 2017 07:00am EDT 

June 15 (Reuters) - Michaels Companies Inc ::The Michaels Companies Inc announces new share repurchase authorization ahead of analyst day event.Board of directors has authorized a new share repurchase program for up to $500 million of its common stock.Share repurchase program does not have an expiration date.  Full Article

Michaels Cos Q1 earnings per share $0.38
Tuesday, 6 Jun 2017 07:00am EDT 

June 6 (Reuters) - Michaels Companies Inc ::The Michaels Companies announces first quarter fiscal 2017 financial results.Q1 earnings per share $0.38.Q1 sales $1.16 billion versus I/B/E/S view $1.17 billion.Q1 same store sales fell 1.2 percent.Sees FY 2017 earnings per share $2.03 to $2.15.Sees Q2 2017 earnings per share $0.15 to $0.17.Q1 earnings per share view $0.39 -- Thomson Reuters I/B/E/S.Michaels Companies Inc says fiscal 2017 guidance updated in response to weakening canadian exchange rates.Michaels Companies Inc sees for fiscal 2017 comparable store sales to be down 0.2% to up 1.3%, or flat to up 1.5% on a constant currency basis.Michaels Companies -in 2017, to open 18 new stores, including 17 new Michaels stores and one new Pat Catan's store, and close 11 Aaron Brothers stores.Michaels Companies Inc- our operational expectations for remainder of 2017 have not changed.Sees 2017 total net sales growth of 2.2% to 3.7%, or 2.5% to 4.0% on a constant currency basis.Michaels Companies Inc sees for fiscal 2017 capital expenditures to be between $125 million and $135 million.Sees Q2 comparable store sales to decrease 0.5% to 1.5%, or be approximately flat to down 1.0% on a constant currency basis.Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.  Full Article

Michaels Companies Q4 earnings per share $0.95
Tuesday, 7 Mar 2017 07:00am EST 

Michaels Companies Inc : The Michaels Companies announces fourth quarter and fiscal 2016 results . Q4 earnings per share $0.95 . Q4 same store sales fell 1 percent . Q4 earnings per share view $0.95 -- Thomson Reuters I/B/E/S . Sees Q1 2017 earnings per share $0.38 to $0.40 . Sees FY 2017 earnings per share $2.05 to $2.17 . Q4 adjusted earnings per share $0.96 excluding items . Q4 sales $1.8 billion versus I/B/E/S view $1.76 billion . Michaels Companies Inc sees FY 2017 total net sales growth of 2.5% to 4.0%, including impact of 53rd week . Michaels Companies Inc sees FY 2017 comparable store sales to be flat to up 1.5% . Michaels Companies Inc sees FY 2017 capital expenditures to be between $125 million and $135 million .Michaels Companies Inc sees Q1 comparable store sales growth to be flat to down 1%.  Full Article

Sequential Brands and Michaels Cos announce partnership for Martha Stewart Crafts brand
Thursday, 2 Mar 2017 07:30am EST 

Sequential Brands Group Inc : Sequential Brands Group and the Michaels Companies announce new partnership for Martha Stewart Crafts™ brand . Sequential Brands - Martha Stewart Crafts will be conceived, designed by Martha Stewart & exclusively manufactured, distributed through Michaels' Darice .New Martha Stewart Crafts product assortment will be available at all Michaels stores beginning late 2017.  Full Article

Michaels Companies Q3 earnings per common share $0.37
Tuesday, 6 Dec 2016 07:00am EST 

Michaels Companies Inc : Qtrly diluted earnings per common share was $0.37 . Sees 2016 comparable store sales to be approximately flat . Sees adjusted diluted earnings per common share of $0.94 to $0.98 for Q4 . Capital expenditures of between $115 million and $125 million for fy 2016 . Fy2016 earnings per share view $1.71, revenue view $4.88 billion -- Thomson Reuters I/B/E/S . Qtrly net sales increased 5.0% to $1.227 billion, from $1.168 billion in Q3 of fiscal 2015 . Adjusted diluted earnings per common share for q3 was $0.40 . Sees 2016 total net sales growth, including revenues from lamrite west, of 5.8% to 6.2% . Adjusted diluted earnings per common share to be between $1.86 and $1.90 for fy 2016 . Q3 earnings per share view $0.43, revenue view $1.26 billion -- Thomson Reuters I/B/E/S . The michaels companies announces third quarter fiscal 2016 financial results and increase of share repurchase program . Q3 same store sales fell 2 percent .Sees fy 2016 adjusted earnings per share $1.86 to $1.90.  Full Article

BRIEF-Michaels Companies posts Q2 earnings per share $0.17 (Aug. 25)
Friday, 26 Aug 2016 10:13am EDT 

Corrects headline in Aug. 25 Brief to say results are for 'Q2', not 'Q3'.Michaels Companies Inc : The Michaels Companies announces second quarter fiscal 2016 financial results . Q2 earnings per share $0.17 . Q2 earnings per share view $0.17 -- Thomson Reuters I/B/E/S . Q2 operating earnings per share $0.17 . Sees Q3 2016 adjusted earnings per share $0.42 to $0.44 . Sees FY 2016 adjusted earnings per share $1.92 to $1.98 . Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Sees FY comparable store sales to increase 1.0 pct to 1.5 pct . Sees FY capital expenditures of between $125 million and $135 million . Sees Q3 comparable store sales growth of 0.5 pct to 1.5 pct .Says inventory at end of Q2 increased $71.7 million, or 6.7 pct, to $1.15 billion.  Full Article

Michaels Cos names Denise Paulonis CFO
Thursday, 25 Aug 2016 07:01am EDT 

Michaels Companies Inc: Michaels Companies names Denise Paulonis chief financial officer . Says Denise Paulonis executive vice president will be chief financial officer, effective August 29, 2016 . Pauloni, succeeds Chuck Sonsteby, vice chairman and chief financial officer. .Says Sonsteby will continue to serve as vice chairman and will retain executive responsibility.  Full Article

Michaels Companies posts Q3 earnings per share $0.17
Thursday, 25 Aug 2016 07:00am EDT 

Michaels Companies Inc : The Michaels Companies announces second quarter fiscal 2016 financial results . Q2 earnings per share $0.17 . Q2 earnings per share view $0.17 -- Thomson Reuters I/B/E/S . Q2 operating earnings per share $0.17 . Sees Q3 2016 adjusted earnings per share $0.42 to $0.44 . Sees FY 2016 adjusted earnings per share $1.92 to $1.98 . Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Sees FY comparable store sales to increase 1.0 pct to 1.5 pct . Sees FY capital expenditures of between $125 million and $135 million . Sees Q3 comparable store sales growth of 0.5 pct to 1.5 pct .Says inventory at end of Q2 increased $71.7 million, or 6.7 pct, to $1.15 billion.  Full Article

The Michaels Cos prices secondary offering at $27.85/share
Wednesday, 13 Jul 2016 04:01pm EDT 

Michaels Companies Inc : The Michaels Companies announces the pricing of a secondary offering of 11 million shares of common stock by selling stockholders and repurchase by the company of 1 million shares of such common stock .Secondary offering priced at $27.85/share.  Full Article

BRIEF-The Michaels Cos Q2 earnings per share $0.19

* The Michaels Cos reports record second quarter sales and earnings per share