The Michaels Companies Reports Fourth Quarter and Full Year Fiscal 2018 Results
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
Fourth quarter comparable store sales decreased 0.4%; on a calendar shifted basis, comparable store sales increased 1.4% Fourth quarter GAAP diluted EPS of $1.15; adjusted diluted EPS of $1.44 Fiscal 2018 comparable store sales increased 0.8% Fiscal 2018 GAAP diluted EPS of $1.86; adjusted diluted EPS of $2.35 IRVING, Texas--(BUSINESS WIRE)-- The Michaels Companies, Inc. (NASDAQ: MIK) today reported diluted earnings per share for the fourth quarter of fiscal 2018 of $1.15, an increase of 3.6% compared to $1.11 per diluted share in the fourth quarter of fiscal 2017. Excluding $0.29 of restructure charges (net of taxes) primarily related to the previously announced closure of 36 Pat Catan’s stores in the fourth quarter of fiscal 2018, and $0.08 of tax adjustments related to the Tax Cuts and Jobs Act of 2017 (“Tax Act”) in the fourth quarter of fis
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