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Michaels Companies Inc (MIK.OQ)

MIK.OQ on NASDAQ Stock Exchange Global Select Market

21.63USD
12 Dec 2017
Change (% chg)

$-0.59 (-2.66%)
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Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Michaels Companies Q3 Adjusted Earnings Per Share $0.44
Thursday, 30 Nov 2017 

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

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

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 

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 

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 

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

Michaels Cos Q1 adj earnings per share $0.36
Tuesday, 7 Jun 2016 

Michaels Companies Inc : Michaels Companies Inc sees 2016 comparable store sales to increase 2.2% to 2.7% . Michaels Companies Inc sees 2016 total net sales growth, including revenues from lamrite west, of 8.0% to 9.0% . Michaels Companies Inc sees 2016 capital expenditures of between $125 million and $135 million . For Q2 of fiscal 2016, company expects comparable store sales growth of 0.4% to 1.4% . For Q2 of fiscal 2016, company expects diluted earnings per common share of $0.16 to $0.18 . For Q2 of fiscal 2016, company expects operating income of $87 million to $93 million . For fiscal 2016, company continues to expect diluted earnings per common share to be between $1.89 and $1.97 . Charles m. Sonsteby has been named to newly created role of vice chairman of Michaels Companies, Inc . Sonsteby currently serves as chief administrative officer and chief financial officer . Company has launched a search for a new chief financial officer . Sonsteby will continue to serve as chief financial officer until a successor has been named. . FY2016 earnings per share view $1.71, revenue view $4.88 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.21, revenue view $1.07 billion -- Thomson Reuters I/B/E/S . The Michaels Companies announces first quarter fiscal 2016 financial results . Q1 adjusted earnings per share $0.36 . Q1 earnings per share $0.34 . Q1 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.  Full Article

Michaels Companies Inc announces secondary offering of 17 million shares of common stock by selling stockholders and repurchase by company of a portion of such common stock
Tuesday, 22 Mar 2016 

Michaels Companies Inc:Says certain of its stockholders intend to offer for sale 17 million shares of its common stock.Company intends to purchase from underwriters 2 million shares of such common stock.Intends to fund the share repurchase with cash on hand.  Full Article

Michaels Companies, Inc acquires Lamrite West, Inc
Tuesday, 2 Feb 2016 

Michaels Companies, Inc:The Michaels Companies acquires lamrite west, inc.Impact of deal,excluding purchase accounting adjustments and integration expenses,will be neutral to earnings in fiscal 2016.  Full Article

BRIEF-Michaels Companies Q3 Adjusted Earnings Per Share $0.44

* THE MICHAELS COMPANIES REPORTS RECORD THIRD QUARTER SALES AND EARNINGS PER SHARE