Michaels Companies Inc
:MIK 4:00:00 PM EDT
Other Pre-Announcement
The Michaels Companies Posts Qtrly Adjusted Diluted EPS $0.86
Published: 12/03/2020 13:13 GMT
(MIK) - The Michaels Companies Announces Third Quarter Fiscal 2020 Results.
Q3 Sales $1.406 Billion Versus Refinitiv Ibes Estimate of $1.39 Billion.
Qtrly Comparable Store Sales Increase of 16.3%; Including E-commerce Growth of 128.0%.
Special Bonus to Be Paid in Q4 for Team Members Totaling Approximately $10 Million.
Qtrly Adjusted Diluted Earnings per Share $0.86.
Qtrly Earnings per Share $0.74.
Not Providing Any Formal Guidance at This Time.
Q3 Earnings per Share View $0.59 -- Refinitiv Ibes Data (analyst estimates).
Q3 Sales $1.406 Billion Versus Refinitiv Ibes Estimate of $1.39 Billion.
Qtrly Comparable Store Sales Increase of 16.3%; Including E-commerce Growth of 128.0%.
Special Bonus to Be Paid in Q4 for Team Members Totaling Approximately $10 Million.
Qtrly Adjusted Diluted Earnings per Share $0.86.
Qtrly Earnings per Share $0.74.
Not Providing Any Formal Guidance at This Time.
Q3 Earnings per Share View $0.59 -- Refinitiv Ibes Data (analyst estimates).