Michaels Cos. (MIK) Tops Q3 EPS by 1c

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The Michaels Companies Announces Second Quarter Fiscal 2015 Financial Results

August 27, 2015 6:59 AM EDT

Net sales increased 3.8% to $984.3 million Operating income increased 89.8% to $96.6 million; adjusted diluted EPS increased 21.4% to $0.17 Updates fiscal year 2015 outlook for diluted EPS to $1.66-$1.72

IRVING, Texas, Aug. 27, 2015 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the quarter ended August 1, 2015.

Chuck Rubin, Chairman and Chief Executive Officer, stated, "I am pleased with our second quarter performance, which was driven by general sales strength across our business and continued financial discipline. We delivered 2.9% comparable store sales growth on a local currency basis,... More

The Michaels Companies Announces Second Quarter Fiscal 2015 Financial Results

August 27, 2015 6:59 AM EDT

Net sales increased 3.8% to $984.3 million Operating income increased 89.8% to $96.6 million; adjusted diluted EPS increased 21.4% to $0.17 Updates fiscal year 2015 outlook for diluted EPS to $1.66-$1.72

IRVING, Texas, Aug. 27, 2015 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the quarter ended August 1, 2015.

Chuck Rubin, Chairman and Chief Executive Officer, stated, "I am pleased with our second quarter performance, which was driven by general sales strength across our business and continued financial discipline. We delivered 2.9% comparable store sales growth on a local currency basis,... More