Michaels Cos. (MIK) Tops Q4 EPS by 3c

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The Michaels Companies Announces Record Fourth Quarter and Fiscal 2015 Financial Results

March 17, 2016 7:00 AM EDT

Fourth quarter comparable store sales increased 3.1%, or 4.7% on a constant currency basisFourth quarter total net sales increased 4.6% to $1.7 billion, or 6.4% on a constant currency basis Fourth quarter operating income increased 10.3% to $324.2 million; diluted EPS increased 16.0% to $0.87

IRVING, Texas, March 17, 2016 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the quarter and fiscal year ended January 30, 2016.

I am very pleased with our fourth quarter results.  We improved our in-store shopping experience, increased our customer communications, offered a trend-right holiday assortment,... More