Michaels Cos. (MIK) Misses Q1 EPS by 57c, Revenues Miss

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Go back to Michaels Cos. (MIK) Misses Q1 EPS by 57c, Revenues Miss

The Michaels Companies Announces First Quarter Fiscal 2020 Results

June 4, 2020 7:00 AM EDT

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the first quarter fiscal 2020 ended May 2, 2020.

Ashley Buchanan, Michaels Chief Executive Officer, commented, During an unprecedented time, our teams quickly adapted and executed on key priorities for our business. While temporary store closures negatively impacted our first quarter results, I am proud of the way our team responded to changing market conditions, implementing safety and business continuity measures to protect the health of our associates while continuing to safely service the needs of our customers. This quarter, we significantly... More