Michaels Cos. (MIK) Tops Q2 EPS by 2c, Offers Q3 and FY Guidance

Michaels Cos. (NASDAQ: MIK) reported Q2 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06 billion.

Comparable Store Sales Decreased 0.4%

GUIDANCE:

Michaels Cos. sees Q3 2018 EPS of $0.42-$0.45 vs $0.51 expected.

• comparable store sales will increase between 1.5% and 3.0%;

Michaels Cos. sees FY2018 EPS of $2.29-$2.42 vs $2.30 expected Michaels Cos. sees FY2018 revenue of $5.217-5.293 billion vs $5.26 billion expected.

• comparable store sales will increase between 0% and 1.5%;

For earnings history and earnings-related data on Michaels Cos. (MIK) click here.

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