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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).