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

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

The Michaels Companies Announces Third Quarter Fiscal 2020 Results

December 3, 2020 7:15 AM EST

Net Sales increase of 15.1% to $1.406 billion; Comparable Store Sales increase of 16.3%; including e-commerce growth of 128.0% Operating Income increase of 161.6% to $199.0 million; Adjusted Operating Income increase of 71.7% to $201.6 million Net Cash Flow from Operations of $413.1 million for the quarter; Free Cash Flow of $380 million for the quarter and $633 million on a year-to-date basis Company announces special bonus to be paid in the fourth quarter for team members totaling approximately $10 million

IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the... More