Michaels Cos. (MIK) Tops Q4 EPS by 2c, Guidance Misses

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The Michaels Companies Reports Fourth Quarter and Full Year Fiscal 2018 Results

March 19, 2019 7:00 AM EDT

Fourth quarter comparable store sales decreased 0.4%; on a calendar shifted basis, comparable store sales increased 1.4% Fourth quarter GAAP diluted EPS of $1.15; adjusted diluted EPS of $1.44 Fiscal 2018 comparable store sales increased 0.8% Fiscal 2018 GAAP diluted EPS of $1.86; adjusted diluted EPS of $2.35

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today reported diluted earnings per share for the fourth quarter of fiscal 2018 of $1.15, an increase of 3.6% compared to $1.11 per diluted share in... More