Michaels Cos. (MIK) Tops Q1 EPS by 1c, Reaffirms FY18 Guidance

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The Michaels Companies Announces First Quarter 2018 Results

June 14, 2018 7:00 AM EDT

Comparable store sales increased 0.4% Diluted EPS of $0.15; adjusted diluted EPS of $0.39, excluding $0.24 per diluted share related to one-time restructuring charges and tax reform Reaffirms FY18 Guidance

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today reported diluted earnings per share for the first quarter of fiscal 2018 of $0.15, or $0.39 per diluted share excluding approximately $0.20 per diluted share related to a one-time charge associated with the restructuring of the Aaron Brothers division and approximately $0.04... More