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The Michaels Companies announces first quarter 2018 results Earnings reports Press releases 

The Michaels Companies announces first quarter 2018 results

Comparable store sales increased 0.4% Diluted EPS of $0.15; adjusted diluted EPS of $0.39, excluding $0.24 per diluted share related to one-time restructuring charges and tax reform Reaffirms FY18 Guidance IRVING, Texas–(BUSINESS WIRE)–Jun. 14, 2018– The Michaels Companies, Inc. (NASDAQ: MIK) today reported diluted earnings per share for the first quarter of fiscal 2018 of $0.15, or $0.39 per diluted... Read More
Crafts retailer Michaels to fold Aaron Brothers into main stores News 

Crafts retailer Michaels to fold Aaron Brothers into main stores

Michaels Companies will shutter 94 Aaron Brothers framing and art supplies stores, planning to make Aaron Brothers a “store-within-a-store” within its 1,300 craft stores in the United States and Canada. According to its quarterly earnings report, the company will rebrand its “Framerspointe.com” custom-framing website to AaronBrothers.com. In fiscal 2017, Aaron Brothers net sales totaled approximately $110 million and had no material impact... Read More
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