United States

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​.