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 2020)12,000
Job Openings1,800
Revenue (FY, 2017)$5.4 B(+4%)
Share Price (Oct 2020)$10.7 (+2%)
Cybersecurity ratingCMore

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, US (HQ)
8000 Bent Branch Dr
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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 (14-Oct-2020)

1.6b

Closing stock price (14-Oct-2020)

10.7

Cash (3-Feb-2018)

425.9m

EV

3.9b
Michaels's current market capitalization is $1.6 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

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 Cos. to issue $500 million of 7-year bonds

The Michaels Cos. Inc. is planning to offer $500 million of 7-year bonds as the arts and crafts retailer joins the many companies issuing record levels of debt during the coronavirus pandemic. Proceeds will be used together with borrowings from a term loan and cash on hand to refinance an existing …

The Michaels Organization Announces UC Davis Completes Phase I of Nation's Largest Student Housing Project

Michaels/Stantec team adds more than 1,000 beds to student campus

Bret Michaels Named Official Ambassador for 10th Annual World College Radio Day

MONTCLAIR, N.J., Sept. 15, 2020 /PRNewswire/ -- Multi-platinum music icon Bret Michaels is named as the official 2020 Ambassador for the 10th Annual World College Radio Day, which is happening worldwide on Friday, October 2th, 2020. "In this difficult time, there has never been a more...

Jillian Michaels Caught COVID-19 And Warns People To Avoid Gyms

The fitness guru and "Biggest Loser" star got candid about letting her guard down "for an hour."

Thinking about buying stock in Fulgent Genetics, Michaels Companies, Extreme Networks, General Electric, or Delta Air Lines?

NEW YORK, Sept. 3, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for FLGT, MIK, EXTR, GE, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Michaels Cos. shares soar premarket after earnings trounce estimates

Michaels Cos. Inc. shares soared 6.7% in premarket trade Thursday, after the arts and crafts retailer blew past estimates for the second quarter as stores reopened after being closed during the pandemic. The company said it had a net loss of $7.8 million, or 5 cents a share, in the quarter to Aug. …
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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.