The Michaels Companies, Inc. (MIK) is North America's specialty provider of arts, crafts, framing, floral, wall decor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of February 27, 2016, the Company owned and operated more than 1,340 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the gift and decor industry. The Company produces a number of exclusive private brands including Recollections, Studio Decor, Bead Landing, Creatology, Ashland, Celebrate It, Art Minds, Artist’s Loft, Craft Smart and Loops & Threads.
Reported before open today (6/7/16) Earnings: EPS $0.36 Revenue $1.16B Estimates: EPS $0.36 Revenue $1.17B Down 8.13% today
