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.
| Type | Public | |
| Founded | 1973 | |
| HQ | Irving, US | Map |
| Website | michaels.com | |
| Employee Ratings | More |
Recent NewsAll News
Key People/Management at Michaels
Stephen J. Carlotti
Mark Cosby
James A. Quella
Vidya Jwala
Josh Bekenstein
Scott Lindblom
Michaels Office Locations
Michaels Financials and Metrics
Michaels Revenue
| 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 (14-Oct-2020) | 1.6b |
Closing stock price (14-Oct-2020) | 10.7 |
Cash (3-Feb-2018) | 425.9m |
EV | 3.9b |
| USD | Q3, 2014 | Q2, 2014 | Q2, 2015 | Q1, 2015 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.1b | 948.0m | 984.3m | 1.1b | 1.2b | 1.2b | 1.1b | 1.2b | 1.2b | 1.1b | 1.2b |
EBIT | 142.0m | 52.0m | 96.6m | 144.0m | 155.9m | 145.3m | 87.1m | 146.3m | 139.3m | 88.0m | 153.9m |
EBIT margin, % | 13% | 5% | 10% | 13% | 13% | 13% | 8% | 12% | 12% | 8% | 12% |
Interest expense | 41.0m | 61.0m | 34.3m | 37.8m | 33.8m | 32.2m | 32.0m | 31.5m | 30.4m | 31.1m | 32.8m |
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2017 |
|---|---|---|---|---|---|
Cash | 378.0m | 409.4m | 298.8m | 298.8m | 425.9m |
Accounts Receivable | 23.2m | 23.2m | 26.2m | ||
Prepaid Expenses | 97.8m | ||||
Inventories | 86.5m | 1.1b |
| USD | Q3, 2014 | Q2, 2014 | Q2, 2015 | Q1, 2015 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 194.0m | 90.0m | 70.4m | 272.6m | 114.7m | 171.9m | 114.8m | 150.0m | 197.9m | 134.1m | 176.8m |
Accounts Receivable | 24.9m | 26.9m | 36.9m | 26.4m | 24.3m | 30.9m | |||||
Current Assets | 1.5b | 1.2b | 1.3b | 1.4b | 1.5b | 1.3b | 1.4b | 1.7b | 1.4b | 1.5b | 1.7b |
PP&E | 377.0m | 366.0m | 394.7m | 387.9m | 385.4m | 402.8m | 398.7m | 412.2m | 403.0m | 407.7m | 401.9m |
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2017 |
|---|---|---|---|---|---|
Net Income | 157.0m | 362.9m | 378.2m | 378.2m | 390.5m |
Depreciation and Amortization | 111.0m | 114.8m | 115.8m | 115.8m | 118.9m |
Inventories | 20.1m | (1.2m) | 5.3m | ||
Accounts Payable | 77.0m | 24.2m | 38.2m | 38.2m | (38.0m) |
| USD | Q3, 2014 | Q2, 2014 | Q2, 2015 | Q1, 2015 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 61.0m | (3.0m) | 102.4m | 66.7m | 179.2m | 70.8m | 106.4m | 182.8m | 72.2m | 107.8m |
Depreciation and Amortization | 82.0m | 53.0m | 55.9m | 27.9m | 85.4m | 29.5m | 58.5m | 86.7m | 28.6m | 57.4m |
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) | 136.5m | 22.9m | (4.0m) |
Michaels Operating Metrics
Michaels Cybersecurity Score
Michaels Revenue Breakdown
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
173.59k Twitter followers
Michaels has 173.59k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.2% quarter over quarter
Michaels's Trends
Twitter Engagement Stats for @MichaelsStores
40.7k
Tweets
7.4k
Following
173.6k
Followers
304
Tweets last 30 days
0.3
Avg. likes per Tweet
29.6%
Tweets with engagement
Michaels News and Updates
Michaels Cos. to issue $500 million of 7-year bonds
The Michaels Organization Announces UC Davis Completes Phase I of Nation's Largest Student Housing Project
Bret Michaels Named Official Ambassador for 10th Annual World College Radio Day
Jillian Michaels Caught COVID-19 And Warns People To Avoid Gyms
Thinking about buying stock in Fulgent Genetics, Michaels Companies, Extreme Networks, General Electric, or Delta Air Lines?
Michaels Cos. shares soar premarket after earnings trounce estimates
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.
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