Michaels Cos. (MIK) Reports In-Line Q4 EPS, Guidance Misses Views

Michaels Cos. (NASDAQ: MIK) reported Q4 EPS of $1.19, in-line with the analyst estimate of $1.19. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.88 billion.

• comparable store sales increased 2.5%

GUIDANCE:

Michaels Cos. sees Q1 2018 EPS of $0.36-$0.38, versus the consensus of $0.46. Michaels Cos. sees Q1 2018 revenue of $1.139-1.15 billion, versus the consensus of $1.18 billion.

• comparable store sales to increase 0% to 1.0%

Michaels Cos. sees FY2018 EPS of $2.19-$2.32, versus the consensus of $2.59. Michaels Cos. sees FY2018 revenue of $5.217-5.293 billion, versus the consensus of $5.37 billion.

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

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

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