Michaels Cos. (MIK) Reports In-Line Q4 EPS

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Go back to Michaels Cos. (MIK) Reports In-Line Q4 EPS

The Michaels Companies Announces Fourth Quarter and Fiscal 2016 Results

March 7, 2017 7:00 AM EST

Fourth quarter total net sales increased 4.1%; comparable store sales decreased 1.0% Fourth quarter diluted EPS increased 9.2% to $0.95 compared to $0.87 in prior year; excluding acquisition-related expenses and debt extinguishment charges, adjusted diluted EPS was $0.96 Fiscal 2016 total net sales increased 5.8% to $5.2 billion; comparable store sales decreased 0.5% Fiscal 2016 diluted EPS increased 5.8% to $1.82 compared with $1.72 in the prior year; excluding acquisition-related expenses and debt extinguishment charges, adjusted diluted EPS was $1.88

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ:... More