The Michaels Companies Announces First Quarter 2019 Results in Line with Previously Provided Guidance
THE MICHAELS COMPANIES (MIK)
Last the michaels companies earnings: 3/17 07:00 am
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investors.michaels.com
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Source: Business Wire
Comparable store sales decreased 2.9% Operating income of $92.7 million; adjusted operating income of $101.4 million Diluted EPS of $0.24; adjusted diluted EPS of $0.31 Updates FY19 Guidance to reflect 25% tariffs IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today reported diluted earnings per share for the first quarter of fiscal 2019 of $0.24, or $0.31 per adjusted diluted share excluding a charge associated with closing the Pat Catan’s stores, costs related to the departure of the Company’s former Chief Executive Officer (“CEO”), and a write-off of an investment in a liquidated business. This compares to diluted earnings per share for the first quarter of fiscal 2018 of $0.15, or $0.39 per adjusted diluted share excluding a charge associated with the restructure of Aaron Brothers and adjustments related to the Tax
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