15.55 0.00 (0.00%)
After hours: 4:27PM EST
|Bid||15.20 x 800|
|Ask||18.86 x 4000|
|Day's Range||15.05 - 15.77|
|52 Week Range||14.82 - 27.87|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||8.11|
|Earnings Date||Nov 28, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.91|
The arts and crafts retailing veteran beat its own third-quarter targets thanks to strong in-store foot traffic and a bountiful stock repurchase program.
The Michaels Companies Inc (NASDAQ:MIK), which is in the specialty retail business, and is based in United States, saw significant share price volatility over the past couple of months on Read More...
Michaels Cos. reported third-quarter net income of $83.7 million, or 50 cents per share, up from $79.8 million, or 44 cents per share, for the same period last year. Adjusted EPS was 48 cents. Sales totaled $1.27 billion, up from $1.24 billion last year. Same-store sales grew 3.8%. The FactSet consensus was for EPS of 44 cents, sales of $1.25 billion, and same-store sales of 2.2%. "We have invested significantly this year to create an easier shopping experience for customers, and we believe these improvements will strengthen our leadership position in the arts and crafts industry and help us deliver our revenue and earnings expectations for the year," said Chief Executive Chuck Rubin in a statement. Michaels expects fiscal 2018 sales between $5.261 million and $5.278 million, a same-store sales increase between 0.7% and 1.1%, and adjusted EPS between $2.35 and $2.39. The FactSet guidance is for sales of $5.26 million, same-store sales growth of 0.6% and EPS of $2.35. Raymond James analysts call Michaels' third-quarter beat "low-quality," with the adjusted EPS excluding a "1-cent after-tax charge from an unusual inventory markdown taken during the period in addition to favorable one-time tax items," they wrote in a note. "The F3Q EPS beat stems from slightly better-than-plan same-store sales, SG&A [selling, general and administrative expense], in addition to share buybacks." Raymond James rates Michaels shares market perform. Michaels shares are down 2% in Thursday trading, and down 33.4% for the year to date. The S&P 500 index is down 1.6% in 2018.
On a per-share basis, the Irving, Texas-based company said it had net income of 50 cents. Earnings, adjusted for pretax gains, came to 48 cents per share. The results surpassed Wall Street expectations. ...
IRVING, Texas-- -- Comparable Store Sales Increased 3.8%, or 4.3% on a constant currency basis Net income increased 5.0% to $83.8 million, or $0.50 per diluted share; adjusted net income of $79.8 million, or $0.48 per diluted share Management updates fiscal 2018 adjusted earnings per diluted share guidance to $2.35 to $2.39 from $2.29 to $2.42 The Michaels Companies, Inc. today reported diluted earnings ...
Casey's (CASY) is on track with its value creation plan. This includes new fleet card program, price and product optimization, loyalty program and digital engagements among others.
Michaels (MIK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Michaels (MIK) gains from its solid omni-channel capabilities, including store-growth initiatives. These factors are likely to boost the company's performance in third-quarter fiscal 2018.
Five Below's (FIVE) commitment toward the enhancement of digital and e-commerce channels, improvement in customer's shopping experience, store openings as well as marketing efforts is impressive.
Ulta Beauty (ULTA) gains from its loyalty program, unique merchandise offerings and robust omni-channel endeavors. These, in turn, are likely to drive the company's third-quarter fiscal 2018 results.
Michaels (MIK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
American Eagle (AEO) gains from robust omni-channel endeavors and initiatives to strengthen brands. These are likely to boost the company's third-quarter fiscal 2018 results.
lululemon (LULU) gains from progress on strategy for 2020 focused on broadening of digital business and international expansion. These factors should drive its third-quarter fiscal 2018 results.
Kroger (KR) is expanding store base, introducing new items, digital coupons, and order online, pick up in store initiative, which are likely to benefit third-quarter fiscal 2018 results.
Tiffany & Co. (TIF) is well positioned to augment its top-line performance during third-quarter fiscal 2018 by leveraging capital investments.
“As customer preferences and purchase behaviors evolve, Target and Yum! Brands are already elevating and transforming our respective customer experiences with digital, retail and global consumer insights."
The Michaels Companies, Inc. (MIK) today announced that the Company plans to report third quarter results on Thursday, December 6, 2018, before the opening of U.S. financial markets. In connection with the announcement, the Company will host a conference call at 8:00 a.m. CT on Thursday, December 6, 2018, to discuss its financial and operational results. Investors who would like to join the conference call are encouraged to pre-register for the conference call using the following link: http://dpregister.com/10126028.
The Michaels Companies, Inc. (MIK) today announces the launch of MAKER Nation, a pilot educational program designed to transform Michaels classrooms into true community making spaces for instructors across the country. Earlier this month, Michaels launched MAKER Nation in Los Angeles, Chicago, Kansas City, Northwest Florida and Salt Lake City. As another example of how Michaels is leading experiential, in-store educational programing, this innovative program will allow local instructors to develop their own classroom curriculum, make their own schedules, set their own class prices, market their own classes, and make extra money, all within the ultimate creative environment of their local Michaels store.
NEW YORK, Nov. 12, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.