The Michaels Companies Announces Third Quarter Fiscal 2020 Results

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Michaels Cos. (MIK) Tops Q3 EPS by 27c

December 3, 2020 7:15 AM EST

Michaels Cos. (NASDAQ: MIK) reported Q3 EPS of $0.86, $0.27 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.39 billion.

Comparable Store Sales increase of 16.3%; including e-commerce growth of 128.0%

Outlook:
Given the... More