August 24, 2017 / 11:09 AM / a month ago

BRIEF-The Michaels Cos Q2 earnings per share $0.19

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​ Source text for Eikon: Further company coverage:

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