Craft
Michaels

Michaels

Stores

1.36 K

Q1, 2018

Revenue

$5.4 B

FY, 2017

Market Capitalization

$3.1 B

2021-04-22

Michaels Summary

Company summary

Overview
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.
Type
Public
Founded
1973
HQ
Irving, TX, US | view all locations
Website
https://www.michaels.com/
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • James A. Quella, Chairman of the Board

    • Josh Bekenstein, Director

      • Richard Armour

        Richard Armour, Senior Vice President - eCommerce

        • Ashley Buchanan

          Ashley Buchanan, Chief Executive Officer

        Operating MetricsView all

        Retail Sales per Square Foot

        $223

        FY, 2017

        Retail Space, sq. ft.

        23.5M
        6.7%

        FY, 2017

        Vendors

        620
        4.6%

        FY, 2017

        LocationsView all

        1 location detected

        • Irving, TX HQ

          United States

          8000 Bent Branch Dr

        Michaels Financials

        Summary financials

        Revenue (FY, 2017)
        $5.4B
        Gross profit (FY, 2017)
        $2.1B
        Net income (FY, 2017)
        $390.5M
        Cash (FY, 2017)
        $425.9M
        EBIT (FY, 2017)
        $735.4M
        Enterprise value
        $5.4B

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