Michaels Cos. (MIK) Tops Q3 EPS by 1c
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The Michaels Companies Announces Third Quarter Fiscal 2015 Financial Results
December 3, 2015 7:00 AM ESTTotal net sales increased 3.4% to $1.2 billion, or 5.1% on a constant currency basis Operating income increased 9.4% to $155.9 million; diluted EPS increased 19.4% to $0.37
IRVING, Texas, Dec. 3, 2015 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the quarter ended October 31, 2015.
Chuck Rubin, Chairman and Chief Executive Officer, stated, "I am pleased with our third quarter performance where we delivered 3.1% comparable store sales growth on a local currency basis. We also improved our operating margin by 70 basis points and delivered a 19.4% increase in diluted earnings per share.... More
