Michaels Cos. (MIK) Misses Q1 EPS by 1c

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The Michaels Companies Announces First Quarter Fiscal 2017 Financial Results

June 6, 2017 7:00 AM EDT

Total net sales of $1.16 billion; comparable store sales decreased 1.2% Operating income of $139.3 million Diluted EPS of $0.38 Fiscal 2017 guidance updated in response to weakening Canadian exchange rates

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the first quarter ended April 29, 2017.

I am encouraged with the improving trend in customer transactions this quarter, especially given the headwinds we faced as we anniversaried last years... More