Michaels Cos. (MIK) Tops Q3 EPS by 4c, Offers FY Guidance

Michaels Cos. (NASDAQ: MIK) reported Q3 EPS of $0.48, $0.04 better than the analyst estimate of $0.44. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.25 billion.

• Comparable Store Sales Increased 3.8%, or 4.3% on a constant currency basis

GUIDANCE:

Michaels Cos. sees FY2018 EPS of $2.35-$2.39, versus the consensus of $2.35. Michaels Cos. sees FY2018 revenue of $5.26-5.28 billion, versus the consensus of $5.26 billion.

• comparable store sales will increase between 0.7% and 1.1%

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

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