MIK - The Michaels Companies, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
6.59
-0.16 (-2.37%)
At close: 4:00PM EST

6.59 0.00 (0.00%)
After hours: 4:47PM EST

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Previous Close6.75
Open6.73
Bid6.60 x 3200
Ask6.61 x 4000
Day's Range6.48 - 6.79
52 Week Range4.96 - 16.39
Volume3491660
Avg. Volume3,552,192
Market Cap1B
Beta (3Y Monthly)1.15
PE Ratio (TTM)3.22
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • Business Wire

    The Michaels Companies Announces Third Quarter 2019 Results

    The Michaels Companies, Inc. (NASDAQ: MIK) today reported diluted earnings per share for the third quarter of fiscal 2019 of $0.19, or $0.40 per adjusted diluted share which excludes charges totaling $31.4 million (net of taxes) consisting primarily of non-cash goodwill and other impairment charges associated with the Darice wholesale business. This compares to diluted earnings per share for the third quarter of fiscal 2018 of $0.50, or $0.48 per adjusted diluted share. A reconciliation of non-GAAP financial measures to the respective GAAP measures is included in this release.

  • Business Wire

    Michaels Strengthens Senior Leadership Team

    Key Executive Appointments Support Customer-Centric Brand Transformation

  • Business Wire

    The Michaels Companies to Report Third Quarter 2019 Results on December 5, 2019

    The Michaels Companies, Inc. (MIK) today announced that the Company plans to report third quarter sales and earnings results on Thursday, December 5, 2019, 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 5, 2019, 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/10136403.

  • The Michaels Companies Appoints Mark S. Cosby Chief Executive Officer
    Business Wire

    The Michaels Companies Appoints Mark S. Cosby Chief Executive Officer

    The Michaels Companies, Inc. (MIK) today announced that Mark S. Cosby has been named Chief Executive Officer effective immediately. An experienced consumer goods and retail executive with deep operations expertise, Cosby has served as Interim CEO and a member of the Board of Directors since February 2019. The appointment of Cosby follows a comprehensive search process conducted by a special committee of the Board.

  • Michaels Customers Can Now Pick up and Drop off Packages at More Than 1,100 Stores Nationwide Through UPS Access Point® Locations
    Business Wire

    Michaels Customers Can Now Pick up and Drop off Packages at More Than 1,100 Stores Nationwide Through UPS Access Point® Locations

    The Michaels Companies, Inc., (MIK) the largest arts and crafts retail chain in North America, and UPS (UPS) today announce the complete rollout of UPS Access Point® locations to more than 1,100 Michaels Companies stores nationwide – just in time for Halloween crafting and decorations. As the first of the recently announced retail partners to offer UPS Access Point® locations, customers are now able to ship UPS® packages directly to a Michaels store, as well as drop off pre-labeled shipments and make returns to e-commerce retailers that offer UPS drop off, all while picking up their favorite seasonal and DIY essentials. “Michaels has long been recognized as a one-stop shop for all décor and creative needs and providing value to our customers through UPS Access Point® locations will bring added convenience to our shoppers,” said Matthew Rubin, Michaels Senior Vice President of Business Development and Growth.

  • GlobeNewswire

    Michaels Customers Can Now Pick Up And Drop Off Packages At More Than 1,100 Stores Nationwide Through UPS Access Point® Locations

    The Michaels Companies, Inc., (MIK) the largest arts and crafts retail chain in North America, and UPS (UPS) today announce the complete rollout of UPS Access Point® locations to more than 1,100 Michaels Companies stores nationwide – just in time for Halloween crafting and decorations. As the first of the recently announced retail partners to offer UPS Access Point® locations, customers are now able to ship UPS® packages directly to a Michaels store, as well as drop off pre-labeled shipments and make returns to e-commerce retailers that offer UPS drop off, all while picking up their favorite seasonal and DIY essentials. “Michaels has long been recognized as a one-stop shop for all décor and creative needs and providing value to our customers through UPS Access Point® locations will bring added convenience to our shoppers,” said Matthew Rubin, Michaels Senior Vice President of Business Development and Growth.

  • PR Newswire

    S&P Dow Jones Indices Announces Nine Companies Set to Join S&P MidCap 400; Ten Companies to Join S&P SmallCap 600

    NEW YORK , Sept. 6, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following index adjustments to the S&P MidCap 400 and S&P SmallCap 600 to ensure each index more appropriately represents its ...

  • Business Wire

    The Michaels Companies, Inc. Announces Pricing of Senior Notes

    The Michaels Companies, Inc. (MIK) (the “Company”) today announced that its indirect, wholly owned subsidiary, Michaels Stores, Inc. (the “Issuer”), priced its offering of $500 million in aggregate principal amount of Senior Notes due 2027 (the “Notes”). The Issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem its existing 5.875% Senior Subordinated Notes due 2020. The offering is expected to close on or about July 8, 2019, subject to customary closing conditions.

  • Business Wire

    The Michaels Companies, Inc. Announces Offering of Senior Notes

    The Michaels Companies, Inc. (MIK) (the “Company”) today announced that its indirect, wholly owned subsidiary, Michaels Stores, Inc. (the “Issuer”), intends to offer $500 million in aggregate principal amount of Senior Notes due 2027 (the “Notes”). The Issuer intends to use the net proceeds from the offering, together with cash on hand, to redeem its existing 5.875% Senior Subordinated Notes due 2020. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Act”), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and other applicable securities laws.

  • ACCESSWIRE

    Michaels Cos., Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / June 6, 2019 / Michaels Cos., Inc. (NASDAQ: MIK ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on June 6, 2019 at 9:00 AM Eastern ...

  • Business Wire

    The Michaels Companies Announces First Quarter 2019 Results in Line with Previously Provided Guidance

    IRVING, Texas-- -- 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 The Michaels Companies, Inc. 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 ...

  • Michaels Partners with Cricut to Exclusively Launch the Cricut Infusible Ink™ System Which Brings Professional Level Personalization to the Home
    Business Wire

    Michaels Partners with Cricut to Exclusively Launch the Cricut Infusible Ink™ System Which Brings Professional Level Personalization to the Home

    The Michaels Companies, Inc. (MIK) today with Cricut, Inc. announce the upcoming availability of Infusible Ink™, an all-new system of Cricut products that brings commercial-level, permanent heat-transfer effects to the consumer do-it-yourself (DIY) space. The Infusible Ink system makes it possible to create a variety of professional-level, richly colored, personalized heat transfer projects right at home. The new family of products will be exclusively available only at Michaels starting Friday, June 21 through October 1, 2019.

  • Business Wire

    The Michaels Companies to Report First Quarter 2019 Results on June 6, 2019

    The Michaels Companies, Inc. (MIK) today announced that the Company plans to report first quarter sales and earnings results on Thursday, June 6, 2019, 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, June 6, 2019, 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/10130926.

  • Michaels Expands Custom Frame Solutions for Customizing Photos and Art Like Never Before
    Business Wire

    Michaels Expands Custom Frame Solutions for Customizing Photos and Art Like Never Before

    The Michaels Companies, Inc. (MIK), the largest arts and crafts retail chain in North America, today unveils new custom framing capabilities designed to deliver a more convenient customer experience when customizing photos and artwork, both online and in-store nationwide. Additionally, more than 150 new frame offerings – bringing the total offered at Michaels to more than 400 – provide consumers even more solutions to frame those special memories, making it easier than ever to mat and hang photos, custom creations or prized possessions in fresh, fun and unique ways. Michaels is one of the only custom framing solutions that allows customers the opportunity to shop the way that works best for them – online, in-store or both – and placing an order for your custom frame is easier than ever.

  • GlobeNewswire

    Market Trends Toward New Normal in Louisiana-Pacific, The Michaels Companies, VEREIT, CymaBay Therapeutics, CareDx, and Harsco — Emerging Consolidated Expectations, Analyst Ratings

    NEW YORK, March 25, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Business Wire

    The Michaels Companies Reports Fourth Quarter and Full Year Fiscal 2018 Results

    IRVING, Texas-- -- 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 The Michaels Companies, Inc. today reported diluted earnings per share ...

  • Business Wire

    Michaels Launches “Community Classroom” Across All Stores in Partnership with AnyRoad

    The Michaels Companies, Inc. (MIK) today announced the national launch of Community Classroom, an educational, collaborative workspace program designed to transform Michaels classrooms into true community “Making Spaces” for instructors and Makers across the country. In late 2018, Michaels partnered with AnyRoad, the leader in Experience Relationship Management (ERM), to launch the transformative in-store customer experience program in six test markets. Starting in March 2019, Michaels will expand the program to all stores across the United States and Canada.

  • The Michaels Companies Announces Executive Transition
    Business Wire

    The Michaels Companies Announces Executive Transition

    The Michaels Companies, Inc. (MIK) today announced the appointment of seasoned retail executive Mark S. Cosby as Interim Chief Executive Officer and Board Member effective today. Mr. Cosby succeeds Chuck Rubin, who has mutually agreed with the Board of Directors to transition out of his role as CEO. Mr. Rubin will continue as Chairman of the Board of Directors until April 1, 2019.

  • Business Wire

    The Michaels Companies to Report Fourth Quarter and Full Year Fiscal 2018 Results on March 19, 2019

    The Michaels Companies, Inc. (MIK) today announced that the Company plans to report fourth quarter and full year fiscal 2018 sales and earnings results on Tuesday, March 19, 2019, 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 Tuesday, March 19, 2019, 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/10128894.

  • Michaels Proudly Partners with Boys & Girls Clubs to Empower Youth to Unleash Their Creative Potential
    Business Wire

    Michaels Proudly Partners with Boys & Girls Clubs to Empower Youth to Unleash Their Creative Potential

    The Michaels Companies, Inc. (MIK) today announced a new three-year partnership with Boys & Girls Clubs of America and Boys & Girls Clubs of Canada. With the newly-minted Making Great Futures program, Michaels is dedicated to inspiring change within the Clubs’ creative arts programming by renovating select art spaces, sharing educational tools and resources, and facilitating team member engagement opportunities, as well as serving as the organizations preferred arts and crafts provider. “The extraordinary mission of the Boys & Girls Clubs deserves tremendous support,” said Chuck Rubin, Chairman and CEO of The Michaels Companies.

  • Business Wire

    Michaels Partners with Carnival Cruise Line® to Take Creativity to the Seas

    The Michaels Companies, Inc. (MIK) today announced a new partnership with Carnival Cruise Line as the exclusive arts and crafts provider fleet-wide for guests sailing on the line’s 26-ship fleet. The partnership is designed to provide a memorable and entertaining experience for guests who set sail on Carnival Cruise Line every year. Kids and adults alike will be inspired to be creative and encouraged to test their imagination and bring their vision to life with the help of Michaels.

  • GlobeNewswire

    New Research: Key Drivers of Growth for CIT Group, Devon Energy, Red Rock Resorts, The Michaels Companies, PCM, and Pareteum — Factors of Influence, Major Initiatives and Sustained Production

    NEW YORK, Jan. 31, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.