Tag Archives: Michaels

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 »

Michaels Q2 Sales Off 0.1 Percent

Michaels

IRVING, Texas–Second-quarter sales thus far for Michaels decreased 0.1 percent to $631 million, with a same-store sales drop of 2.7 percent, according to a preliminary report from the specialty retailer. The company delivered results for the nine-week period ending on July 6. The second quarter will end on July 28, and Michaels will issue aMore »