Michaels Cos. (MIK) Tops Q2 EPS by 3c, Comps Increase 0.6%

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Go back to Michaels Cos. (MIK) Tops Q2 EPS by 3c, Comps Increase 0.6%

The Michaels Companies Reports Record Second Quarter Sales and Earnings per Share

August 24, 2017 7:00 AM EDT

Total net sales increased 1.2%, or 1.3% on a constant currency basis Comparable store sales increased 0.6%, or 0.8% on a constant currency basis Operating income of $88.0 million and diluted EPS of $0.19

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

Today, we reported record second quarter sales and earnings per share results which were above our initial guidance, said Chuck Rubin, Chairman and Chief Executive Officer. Our efforts to create a more... More