OverviewSuggest Edit

The Michaels Companies owns and operates arts and crafts specialty retail stores. It operates Michaels stores that offer crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer photo frames, art prints, framed art, art supplies, and custom framing. The Company also operates Pat Catan's stores that provide an assortment of kids craft items, fine art supplies, yarn, floral supplies, scrapbooking materials, home decor, bakeware, and wedding related merchandise. In addition, the Company provides a number of private brands. Further, it manufactures custom and specialty framing merchandise, distributes craft and hobby items products, as well as decor products, and sells its products through an e-commerce platform.

TypePublic
Founded1973
HQIrving, US
Websitemichaels.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Feb 2019)12,000
Job Openings1,702
Revenue (FY, 2017)$5.4 B(+4%)
Share Price (Nov 2019)$9.3 (-3%)

Key People/Management at Michaels

Stephen J. Carlotti

Stephen J. Carlotti

Executive Vice President—Marketing
Mark Cosby

Mark Cosby

CEO
Idalia Farrajota

Idalia Farrajota

Senior Vice President—Merchandising
Dennis A. Mullahy

Dennis A. Mullahy

Executive Vice President—Supply Chain and IT
Denise A. Paulonis

Denise A. Paulonis

Executive Vice President and Chief Financial Officer
Holly Shaskey-Platek

Holly Shaskey-Platek

Senior Vice President – Human Resources
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Michaels Office Locations

Michaels has an office in Irving
Irving, US (HQ)
8000 Bent Branch Dr
Irving, US
8000 Bent Branch Dr
Show all (2)

Michaels Financials and Metrics

Michaels Revenue

Michaels's revenue was reported to be $5.36 b in FY, 2017
USD

Revenue (FY, 2017)

5.4b

Gross profit (FY, 2017)

2.1b

Gross profit margin (FY, 2017), %

39.7%

Net income (FY, 2017)

390.5m

EBIT (FY, 2017)

735.4m

Market capitalization (7-Nov-2019)

1.4b

Closing stock price (7-Nov-2019)

9.3

Cash (3-Feb-2018)

425.9m

EV

3.7b
Michaels's current market capitalization is $1.4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.6b4.7b4.9b5.2b5.4b

Revenue growth, %

195%4%6%

Cost of goods sold

3.2b

Gross profit

2.1b
Quarterly
USDQ3, 2014Q2, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

1.1b948.0m984.3m1.1b1.2b1.2b1.1b1.2b1.2b1.1b1.2b

EBIT

142.0m52.0m96.6m144.0m155.9m145.3m87.1m146.3m139.3m88.0m153.9m

EBIT margin, %

13%5%10%13%13%13%8%12%12%8%12%

Interest expense

41.0m61.0m34.3m37.8m33.8m32.2m32.0m31.5m30.4m31.1m32.8m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2017

Cash

378.0m409.4m298.8m298.8m425.9m

Accounts Receivable

23.2m23.2m26.2m

Prepaid Expenses

97.8m

Inventories

86.5m1.1b
Quarterly
USDQ3, 2014Q2, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

194.0m90.0m70.4m272.6m114.7m171.9m114.8m150.0m197.9m134.1m176.8m

Accounts Receivable

24.9m26.9m36.9m26.4m24.3m30.9m

Current Assets

1.5b1.2b1.3b1.4b1.5b1.3b1.4b1.7b1.4b1.5b1.7b

PP&E

377.0m366.0m394.7m387.9m385.4m402.8m398.7m412.2m403.0m407.7m401.9m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2017

Net Income

157.0m362.9m378.2m378.2m390.5m

Depreciation and Amortization

111.0m114.8m115.8m115.8m118.9m

Inventories

20.1m(1.2m)5.3m

Accounts Payable

77.0m24.2m38.2m38.2m(38.0m)
Quarterly
USDQ3, 2014Q2, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

61.0m(3.0m)102.4m66.7m179.2m70.8m106.4m182.8m72.2m107.8m

Depreciation and Amortization

82.0m53.0m55.9m27.9m85.4m29.5m58.5m86.7m28.6m57.4m

Accounts Payable

138.0m(38.0m)(10.7m)(65.0m)122.7m(108.3m)(20.2m)233.3m(91.8m)(11.8m)

Cash From Operating Activities

36.0m(124.0m)(87.1m)(76.2m)7.5m(23.9m)(24.4m)136.5m22.9m(4.0m)
USDY, 2018

EV/EBIT

5.1 x

EV/CFO

7.1 x

Revenue/Employee

446.8k

Financial Leverage

-1.5 x
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Michaels Operating Metrics

Michaels's Stores was reported to be 1.4 k in Q1, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Retail Sales per Square Foot

$220 $223 $223

Retail Space, sq. ft.

21.61 m22.07 m23.54 m

Stores

1.29 k1.30 k1.30 k1.20 k1.31 k1.35 k1.36 k1.37 k1.37 k1.36 k

Vendors

630 650 620
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Michaels Revenue Breakdown

Embed Graph

Michaels revenue breakdown by business segment: 49.8% from General Crafts, 16.6% from Framing, 22.0% from Home Décor and Seasonal and 11.6% from Papercrafting

Michaels revenue breakdown by geographic segment: 9.4% from Canada and 90.6% from United States

Michaels Online and Social Media Presence

Embed Graph

Michaels News and Updates

Michaels gives interim CEO the permanent job

The Michaels Companies Inc. said Tuesday that it had tapped its interim chief executive to take on that role permanently. Mark Cosby had been serving in the interim chief executive position since February 2019 and had stints at Office Depot Inc. , CVS Health Corp.'s Caremark, and Macy's Inc. prio…

Michaels shares rise after it announces UPS partnership

Michaels Cos. Inc. shares rose 4.4% in Monday trading after it said that 1,100 of its stores will now serve as pick-up and drop-off points for United Parcel Service Inc. packages. In total, Michaels has 1,200 stores in the U.S. and Canada. Customers can have packages routed to their local Michaels…

Michaels will now serve as a pick-up and drop-off point for UPS packages

Michaels Cos. Inc. said Monday that 1,100 of its stores will now serve as pick-up and drop-off points for United Parcel Service Inc. packages. In total, Michaels has 1,200 stores in the U.S. and Canada. Customers can have packages routed to their local Michaels store for delivery, and can ship ret…

Doomsday Valuation Makes Michaels a Buy

The expectations baked into this retailer's stock remain overly pessimistic in the face of the company’s strong fundamentals.

Alkaline Water To Expand CBD Offering With AQUAhydrate Acquisition: Strikes Deal With Mark Wahlberg, Sean ‘Diddy’ Combs, Jillian Michaels

Wahlberg and Diddy say they “built AQUAhydrate from the ground up.” They are now looking forward to working with The Alkaline Water Co. on the development on CBD products and more.

Michaels to hire about 15,000 seasonal employees for the holidays

Michaels Companies Inc. said Thursday that it will higher "approximately" 15,000 seasonal employees for the holiday season, with the arts and crafts retailer hosting hiring events in more than 1,250 stores on Sept. 7. Last year, the company said it would hire "more than" 15,000 seasonal employees. …
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Michaels Frequently Asked Questions

  • When was Michaels founded?

    Michaels was founded in 1973.

  • Who are Michaels key executives?

    Michaels's key executives are Stephen J. Carlotti, Mark Cosby and Idalia Farrajota.

  • How many employees does Michaels have?

    Michaels has 12,000 employees.

  • What is Michaels revenue?

    Latest Michaels annual revenue is $5.4 b.

  • What is Michaels revenue per employee?

    Latest Michaels revenue per employee is $446.8 k.

  • Who are Michaels competitors?

    Competitors of Michaels include Hobby Lobby, Jo-Ann Stores and Party City Holdco.

  • Where is Michaels headquarters?

    Michaels headquarters is located at 8000 Bent Branch Dr, Irving.

  • Where are Michaels offices?

    Michaels has an office in Irving.

  • How many offices does Michaels have?

    Michaels has 2 offices.