Michaels Cos. (MIK) Misses Q1 EPS by 1c
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The Michaels Companies Announces First Quarter Fiscal 2015 Financial Results
June 4, 2015 7:00 AM EDTNet sales increased 2.4% to $1.08 billion Operating income increased 3.4% to $144 million; diluted EPS increased 28.0% to $0.32 Reiterates fiscal year 2015 outlook
IRVING, Texas, June 4, 2015 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (Nasdaq: MIK) today announced financial results for the quarter ended May 2, 2015.
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 remained focused on execution and maintaining expense discipline resulting... More
