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Michaels Companies Inc (MIK.OQ)

MIK.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Michaels Companies Announces Pricing of Senior Notes
Saturday, 22 Jun 2019 

June 21 (Reuters) - Michaels Companies Inc ::PRICED ITS OFFERING OF $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2027.MICHAELS COMPANIES - NOTES WILL BEAR INTEREST AT A RATE OF 8.00%; WILL PAY INTEREST SEMI-ANNUALLY IN CASH ARREARS ON JAN 15 AND JULY 15 OF EACH YEAR.MICHAELS COMPANIES - NOTES WILL PAY INTEREST SEMI-ANNUALLY IN CASH IN ARREARS ON JANUARY 15 AND JULY 15 OF EACH YEAR, BEGINNING ON JANUARY 15, 2020.  Full Article

The Michaels Companies Announces Offering Of Senior Notes
Monday, 17 Jun 2019 

June 17 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES INC ANNOUNCES OFFERING OF SENIOR NOTES.MICHAELS COMPANIES - CO'S INDIRECT UNIT MICHAELS STORES, INC. INTENDS TO OFFER $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2027.MICHAELS COMPANIES INC - UNIT INTENDS TO USE NET PROCEEDS FROM OFFERING, TOGETHER WITH CASH ON HAND, TO REDEEM ITS EXISTING SENIOR NOTES DUE 2020.  Full Article

The Michaels Companies Q4 Earnings Per Share $1.15
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.44.Q4 EARNINGS PER SHARE $1.15.Q4 SALES $1.789 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.78 BILLION.Q4 SAME STORE SALES FELL 0.4 PERCENT.Q4 EARNINGS PER SHARE ESTIMATE $1.42 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.34 TO $2.46.SEES Q1 2019 ADJUSTED EARNINGS PER SHARE $0.28 TO $0.33.SEES FY 2019 SALES $5.19 BILLION TO $5.24 BILLION.Q4 COMPARABLE STORE SALES DECREASED 0.4%.FOR FISCAL 2019, COMPANY EXPECTS COMPARABLE STORE SALES TO INCREASE BETWEEN 0% AND 1%.SEES FY 2019 CAPITAL EXPENDITURES TO BE APPROXIMATELY $135 MILLION.FOR Q1 OF FISCAL 2019, COMPANY EXPECTS COMPARABLE STORE SALES WILL DECREASE IN LOW-SINGLE-DIGIT RANGE.  Full Article

The Michaels Companies To Close Pat Catan’S Arts & Craft Stores In Fourth Quarter Of Fiscal 2018
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES TO CLOSE PAT CATAN’S ARTS & CRAFT STORES IN FOURTH QUARTER OF FISCAL 2018.MANAGEMENT UPDATES 4Q GUIDANCE, EXCLUDING IMPACT FROM PAT CATAN'S CLOSURES.COMPANY INTENDS TO REBRAND AND REOPEN UP TO 12 LOCATIONS AS MICHAELS STORES IN FISCAL 2019.FOR NINE-WEEK FISCAL PERIOD ENDING JANUARY 5, 2019, COMPARABLE STORE SALES DECREASED 0.2 PCT.FOR NINE-WEEK FISCAL PERIOD ENDING JANUARY 5, 2019, COMPARABLE STORE SALES DECREASED 0.2 PCT.MICHAELS COMPANIES - EXPECT COMPARABLE STORE SALES FOR Q4 WILL BE NEAR LOWER END OF PREVIOUSLY PROVIDED GUIDANCE RANGE OF DOWN 0.5% TO UP 0.5 PCT.MICHAELS COMPANIES - ADJUSTED EARNINGS PER SHARE FOR Q4 WILL BE NEAR LOWER END OF PREVIOUSLY PROVIDED GUIDANCE OF $1.42 AND $1.47.PAT CATAN'S FISCAL 2018 NET SALES ARE PROJECTED TO BE APPROXIMATELY $111 MILLION.INTENDS TO REBRAND UP TO 12 OF CLOSED PAT CATAN'S STORES AND REOPEN THEM UNDER MICHAELS BANNER.TO CLOSE ALL OF ITS PAT CATAN'S STORES IN Q4.PAT CATAN'S IS A 36-STORE RETAIL SUPPLIER OF ARTS AND CRAFTS IN OHIO AND SURROUNDING STATES.MICHAELS COMPANIES - EXPECTS ONE-TIME AFTER-TAX COST OF IMPLEMENTING THESE CHANGES WILL BE IN RANGE OF $44 MILLION TO $48 MILLION.MICHAELS COMPANIES - ANTICIPATES VAST MAJORITY OF COSTS RELATED TO PAT CATAN'S ARTS & CRAFT STORES CLOSURES WILL BE RECOGNIZED IN Q4.MICHAELS COMPANIES - EXPECTS ONE-TIME AFTER-TAX CASH BENEFIT OF CHANGES WILL BE IN RANGE OF $20 MILLION TO $25 MILLION IN FISCAL 2019.  Full Article

Michaels Companies Reports Q2 EPS $0.15
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES ANNOUNCES SECOND QUARTER 2018 RESULTS AND RAISES FISCAL 2018 EPS GUIDANCE.Q2 EARNINGS PER SHARE $0.15.Q2 SALES $1.053 BILLION VERSUS I/B/E/S VIEW $1.06 BILLION.Q2 SAME STORE SALES FELL 0.4 PERCENT.Q2 EARNINGS PER SHARE VIEW $0.13 -- THOMSON REUTERS I/B/E/S.SEES Q3 2018 ADJUSTED EARNINGS PER SHARE $0.42 TO $0.45.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.29 TO $2.42.Q2 ADJUSTED EARNINGS PER SHARE $0.15 EXCLUDING ITEMS.SEES FY 2018 SALES $5.217 BILLION TO $5.293 BILLION.FULL YEAR DILUTED EPS GUIDANCE RAISED BY $0.10 TO $2.29 TO $2.42.MICHAELS COMPANIES - DECREASE IN NET SALES WAS PRIMARILY DUE TO CLOSURE OF ALL 94 FULL-SIZE AARON BROTHERS STORES IN Q1 OF FISCAL 2018.MICHAELS COMPANIES - DECREASE IN NET SALES IN QUARTER WAS ALSO DUE TO A 0.4 PCT DECLINE IN COMPARABLE STORE SALES.SEES FY18 COMPARABLE STORE SALES TO INCREASE BETWEEN 0% AND 1.5 PCT.MICHAELS COMPANIES - SEES Q3 COMPARABLE STORE SALES TO INCREASE BETWEEN 1.5 PCT AND 3.0 PCT.SEES Q3 ADJUSTED DILUTED EARNINGS PER COMMON SHARE BETWEEN $0.42 AND $0.45.MICHAELS COMPANIES - CAPITAL EXPENDITURES WILL BE BETWEEN $160 MILLION AND $170 MILLION IN FY18.  Full Article

Michaels Companies Q3 Adjusted Earnings Per Share $0.44
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Michaels Companies Inc ::THE MICHAELS COMPANIES REPORTS RECORD THIRD QUARTER SALES AND EARNINGS PER SHARE.Q3 ADJUSTED EARNINGS PER SHARE $0.44.Q3 EARNINGS PER SHARE $0.44.Q3 SAME STORE SALES ROSE 1 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.43 -- THOMSON REUTERS I/B/E/S.SEES FY 2017 EARNINGS PER SHARE $2.13 TO $2.16.SEES Q4 2017 EARNINGS PER SHARE $1.15 TO $1.18.Q3 SALES $1.24 BILLION VERSUS I/B/E/S VIEW $1.26 BILLION.SAYS TOTAL MERCHANDISE INVENTORY AT END OF Q3 WAS $1,404.2 MILLION COMPARED TO $1,394.1 MILLION IN Q3 OF FISCAL 2016.SAYS QTRLY NET SALES INCLUSIVE OF AN ESTIMATED $10 MILLION IN LOST SALES RELATED TO HURRICANES HARVEY AND IRMA.SEES FISCAL 2017 COMPARABLE STORE SALES TO INCREASE 0.6% TO 0.9%, OR 0.4% TO 0.7% ON A CONSTANT CURRENCY BASIS.SEES FISCAL 2017 CAPITAL EXPENDITURES TO BE APPROXIMATELY $120 MILLION.SEES FISCAL 2017 TOTAL NET SALES GROWTH OF 2.9% TO 3.2% INCLUDING IMPACT OF 53RD WEEK, WHICH IS PLANNED TO BE ABOUT $80 MILLION.FY EARNINGS PER SHARE VIEW $2.14 -- THOMSON REUTERS I/B/E/S.  Full Article