Michaels Cos. (MIK) Tops Q4 EPS by 1c, Revenues In-Line; Offers Q1 Revenue Outlook

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Go back to Michaels Cos. (MIK) Tops Q4 EPS by 1c, Revenues In-Line; Offers Q1 Revenue Outlook

The Michaels Companies Announces Fourth Quarter and Full Year Fiscal 2019 Results

March 17, 2020 7:00 AM EDT

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the fourth quarter and full year fiscal 2019 ended February 1, 2020.

Our fourth quarter results were consistent with our expectations, reflecting underlying business trends and the anticipated headwinds of a shorter holiday selling season. This was partially offset by improvements to our execution on seasonal transitions and events during the fourth quarter. We also made strong progress on the implementation of our Maker strategy, which provides a clear roadmap for future growth, said Mark Cosby, Chief Executive Officer. Looking... More