Michaels Cos. (MIK) Tops Q4 EPS by 2c, Guidance Misses

Michaels Cos. (NASDAQ: MIK) reported Q4 EPS of $1.44, $0.02 better than the analyst estimate of $1.42. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.78 billion.

Fourth quarter comparable store sales decreased 0.4%

GUIDANCE:

Michaels Cos. sees Q1 2019 EPS of $0.28-$0.33, versus the consensus of $0.40.

• comparable store sales will decrease in the low-single-digit range

Michaels Cos. sees FY2019 EPS of $2.34-$2.46, versus the consensus of $2.48. Michaels Cos. sees FY2019 revenue of $5.19-5.24 billion, versus the consensus of $5.26 billion.

• comparable store sales to increase between 0% and 1%;

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

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