Michaels Cos. (MIK) Tops Q3 EPS by 27c

Michaels Cos. (NASDAQ: MIK) reported Q3 EPS of $0.86, $0.27 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.39 billion.

• Comparable Store Sales increase of 16.3%; including e-commerce growth of 128.0%

Outlook:
Given the continued uncertainty due to the COVID-19 pandemic, including a dynamic and uncertain outlook for consumer spending patterns and associated government policies, the Company is not providing any formal guidance at this time

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

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