Tag Archives: Aaron Brothers

Michaels Net Jumps 65.7 Percent in Q3

Michaels

IRVING, Texas-Increased sales, improved gross margin and a significant reduction in interest expense bolstered Michaels’ bottom line in its fiscal third quarter ending on Nov. 2. Net income for the arts and craft specialty retailer totaled $58 million, up 65.7 percent as net sales gained 10.3 percent to finish the quarter at $1.1 billion. TheMore »