UPDATE: Michaels Cos. (MIK) Reports In-Line Q2 EPS; Guides In-Line
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The Michaels Companies Names Denise Paulonis Chief Financial Officer
August 25, 2016 7:01 AM EDTIRVING, Texas, Aug. 25, 2016 (GLOBE NEWSWIRE) -- As part of the companys previously announced CFO succession plan, The Michaels Companies, Inc. (NASDAQ: MIK) today named Denise Paulonis Executive Vice President Chief Financial Officer, effective August 29, 2016. Ms. Paulonis, currently Senior Vice President Finance, succeeds Chuck Sonsteby, Vice Chairman and Chief Financial Officer. Mr. Sonsteby will continue to serve as Vice Chairman and will retain executive responsibility for the growth and integration of Lamrite West and the management of Aaron Brothers stores. Mr. Sonsteby and Ms. Paulonis will work together over the next several... More
The Michaels Companies Announces Second Quarter Fiscal 2016 Financial Results
August 25, 2016 7:01 AM EDTTotal net sales increased 7.7%, or 8.1% on a constant currency basisComparable store sales increased 0.7%, or 1.0% on a constant currency basisOperating income of $87.1 million and diluted EPS of $0.17Management provides updated guidance for fiscal 2016 adjusted diluted EPS to be between $1.92 and $1.98
IRVING, Texas, Aug. 25, 2016 (GLOBE NEWSWIRE) -- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the second quarter ended July 30, 2016.
We are pleased that our team delivered second quarter results within our expectations, despite a retail... More
