Edition:
United Kingdom

Michaels Companies Inc (MIK.OQ)

MIK.OQ on NASDAQ Stock Exchange Global Select Market

20.20USD
9:00pm BST
Change (% chg)

$0.29 (+1.46%)
Prev Close
$19.91
Open
$19.80
Day's High
$20.24
Day's Low
$19.69
Volume
438,660
Avg. Vol
698,418
52-wk High
$27.86
52-wk Low
$17.66

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

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