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, TX, US
Websitemichaels.com
Employee Ratings3.3
Overall CultureB

Latest Updates

Employees (est.) (Feb 2020)12,000
Job Openings11
Revenue (FY, 2017)$5.4 B(+4%)
Share Price (Mar 2021)$16.9 (+13%)
Cybersecurity ratingBMore

Key People/Management at Michaels

Stephen J. Carlotti

Stephen J. Carlotti

Executive Vice President—Marketing
Mark Cosby

Mark Cosby

Chief Executive Officer and Director
James A. Quella

James A. Quella

Chairman of the Board
Vidya Jwala

Vidya Jwala

Chief Customer Officer
Josh Bekenstein

Josh Bekenstein

Director
Scott Lindblom

Scott Lindblom

Executive Vice President and Chief Information Officer
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Michaels Office Locations

Michaels has an office in Irving
Irving, TX, US (HQ)
8000 Bent Branch Dr
Show all (1)

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 (1-Mar-2021)

2.5b

Closing stock price (1-Mar-2021)

16.9

Cash (3-Feb-2018)

425.9m

EV

4.8b
Michaels's current market capitalization is $2.5 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)
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Michaels Online and Social Media Presence

Embed Graph

Michaels Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    C

    66/100

  • Compensation

    D

    53/100

  • Diversity

    C-

    62/100

Learn more on Comparably

Michaels News and Updates

The Michaels Organization Welcomes New Vice President of Acquisitions

Kunal Chothani Brings with Him Experience Acquiring $1.3 Billion in Multifamily Properties

Alan Cumming, Lily Tomlin, Tim Gunn, and Jillian Michaels Celebrate PETAs 40th Anniversary

Los Angeles – Last night, several gay icons took part in PETA’s virtual 40 th Anniversary and Holiday Party, which celebrated four decades of victories for animals and honored the celebrities who have helped make them happen. The event was cohosted by Alan Cumming —with special appearances by Tim Gu…

#1 New York Times Best Selling Author, Fern Michaels Movie to Air on Hallmark

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- New York Times and USA TODAY Best Selling Author, Fern Michaels will have her first movie released with Head First Productions in association with Muse Entertainment, for a television adaptation of her Christmas novella, A Christmas Homecoming. The...

Michaels Cos. tops earnings estimates, to pay $10 million in holiday bonuses

Michaels Cos. posted stronger-than-expected earnings for the third quarter and said it will pay $10 million in holiday bonuses to full-time and part-time staff as it works through the pandemic economy. The arts and crafts retailer said it had net income of $111.1 million, or 74 cents a share, in th…

Cyber Monday Michaels Deals 2020: Cricut, Arts & Craft, Christmas Tree & More Deals Compared by Saver Trends

Save on Michaels deals at the Cyber Monday sale, together with all the top Michaels Christmas tree and arts & craft sales

Michaels Black Friday Deals (2020): Best Arts & Craft Tools, Cricut, Christmas Tree & More Savings Rounded Up by Deal Stripe

Michaels deals for Black Friday 2020, featuring savings on a wide range of pre-lit Christmas trees & decor, Cricut Maker & Joy, DIY kits, and more arts & craft deals
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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 James A. Quella.

  • 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 1 office.