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%.