Michaels Cos. (MIK) Tops Q2 EPS by 38c, Revenues Beat
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The Michaels Companies Announces Second Quarter Fiscal 2020 Results
September 3, 2020 7:00 AM EDTNet Sales increase of 11.1% to $1.148 billion; Comparable Store Sales increase of 12.0%; including e-commerce growth of 353.1% Operating Income $53.3 million, Adjusted Operating Income increase of 40.7% to $105.8 million Free Cash Flow of $331 million, liquidity of approximately $1.3 billion, inclusive of $651 million in cash Michaels to hold virtual investor day on September 24, 2020
IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the second quarter fiscal 2020 ended August 1, 2020.
Ashley Buchanan, Michaels Chief Executive Officer commented,... More
