The Michaels Companies Announces Fourth Quarter and Fiscal 2016 Results

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Michaels Cos. (MIK) Reports In-Line Q4 EPS

March 7, 2017 7:01 AM EST

Michaels Cos. (NASDAQ: MIK) reported Q4 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.76 billion.

Fourth quarter total net sales increased 4.1%; comparable store sales decreased 1.0%Fourth quarter diluted EPS... More