The Michaels Companies Announces First Quarter Fiscal 2015 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Michaels Cos. (MIK) Misses Q1 EPS by 1c
June 4, 2015 7:05 AM EDTMichaels Cos. (NASDAQ: MIK) reported Q1 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.08 billion. The company also reiterated its fiscal year 2015 outlook.
Comparable store sales increased by 0.3% or 1.4% on a constant currency basis.
Chuck Rubin, Chairman and Chief Executive Officer, stated, "We delivered another solid quarter, despite several headwinds such as foreign exchange rates, unfavorable weather early in the quarter and the previous year's Rainbow Loom® sales. Our teams... More
