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Michaels Companies Inc (MIK.OQ)

MIK.OQ on NASDAQ Stock Exchange Global Select Market

16.36USD
15 Oct 2018
Change (% chg)

$0.27 (+1.68%)
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Latest Key Developments (Source: Significant Developments)

Michaels Companies Reports Q2 EPS $0.15
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES ANNOUNCES SECOND QUARTER 2018 RESULTS AND RAISES FISCAL 2018 EPS GUIDANCE.Q2 EARNINGS PER SHARE $0.15.Q2 SALES $1.053 BILLION VERSUS I/B/E/S VIEW $1.06 BILLION.Q2 SAME STORE SALES FELL 0.4 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.13 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 ADJUSTED EARNINGS PER SHARE $0.42 TO $0.45.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.29 TO $2.42.Q2 ADJUSTED EARNINGS PER SHARE $0.15 EXCLUDING ITEMS.SEES FY 2018 SALES $5.217 BILLION TO $5.293 BILLION.FULL YEAR DILUTED EPS GUIDANCE RAISED BY $0.10 TO $2.29 TO $2.42.MICHAELS COMPANIES - DECREASE IN NET SALES WAS PRIMARILY DUE TO CLOSURE OF ALL 94 FULL-SIZE AARON BROTHERS STORES IN Q1 OF FISCAL 2018.MICHAELS COMPANIES - DECREASE IN NET SALES IN QUARTER WAS ALSO DUE TO A 0.4 PCT DECLINE IN COMPARABLE STORE SALES.SEES FY18 COMPARABLE STORE SALES TO INCREASE BETWEEN 0% AND 1.5 PCT.MICHAELS COMPANIES - SEES Q3 COMPARABLE STORE SALES TO INCREASE BETWEEN 1.5 PCT AND 3.0 PCT.SEES Q3 ADJUSTED DILUTED EARNINGS PER COMMON SHARE BETWEEN $0.42 AND $0.45.MICHAELS COMPANIES - CAPITAL EXPENDITURES WILL BE BETWEEN $160 MILLION AND $170 MILLION IN FY18.  Full Article

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

UPDATE 2-Etsy raises 2018 revenue growth forecast, shares hit record

* Expects 2018 revenue to grow 32 pct-34 pct Increases transaction fee to 5 pct from 3.5 pct