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 CultureC+

Latest Updates

Employees (est.) (Feb 2020)12,000
Job Openings1,922
Revenue (FY, 2017)$5.4 B(+4%)
Share Price (Apr 2021)$22
Cybersecurity ratingBMore

Key People/Management at Michaels

James A. Quella

James A. Quella

Chairman of the Board
Josh Bekenstein

Josh Bekenstein

Director
Richard Armour

Richard Armour

Senior Vice President - eCommerce
Ashley Buchanan

Ashley Buchanan

Chief Executive Officer
Heather Bennett

Heather Bennett

Executive Vice President – Head of Innovation
Ryan Cotton

Ryan Cotton

Director
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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 (22-Apr-2021)

3.1b

Closing stock price (22-Apr-2021)

22.0

Cash (3-Feb-2018)

425.9m

EV

5.4b
Michaels's current market capitalization is $3.1 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 k1.3 k1.3 k1.2 k1.31 k1.35 k1.36 k1.37 k1.37 k1.36 k

Vendors

630650620
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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

82/100

SecurityScorecard logo

Michaels Online and Social Media Presence

Embed Graph

Michaels Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    C

    65/100

  • Compensation

    D

    54/100

  • Diversity

    C-

    62/100

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Michaels News and Updates

The Michaels Organization Acquires More Than 15,000 Privatized Military Homes

Deal is largest single acquisition in Michaels History

The Michaels Organization Set to Break Ground on 3820 Chiles Road

CAMDEN, N.J., June 14, 2021 /PRNewswire/ -- The Michaels Organization, in partnership with Artemis Real Estate Partners, announced today that it has achieved a financial closing and is set to break ground on 3820 Chiles, a new 225 unit market-rate multifamily community to be built along...

The Michaels Organization Set to Begin Redevelopment of Ablett Village

HUD Awards $35 Million CNI Grant to the Housing Authority, City of Camden to Transform Outdated Public Housing Site in East Camden

Dr. Kevin Michaels Selected Winner of Seventh Annual Gilbert W. Speed Award Presented by the Aviation Week Network

LOS ANGELES, June 08, 2021 (GLOBE NEWSWIRE) -- Dr. Kevin Michaels is being presented with the Annual Gilbert W. Speed Award, honoring outstanding leadership and collaboration across the global aerospace and defense supply chain. Dr. Michaels is the seventh winner of the award which was presented t…

Leiza Michaels Releases Nuevos Estandares in Spanish and English

Starburst Records Recording Artist Leiza Michael released Nuevos Estándares in both Spanish & English. read more

How Julia Michaels arrived to pop perfection on her own time

The acclaimed songwriter turned singer notched three EPs under her belt. But she’s finally dropped her debut studio album ‘Not in Chronological Order.’ Julia Michaels is in rare form—and getting there has been a slow burn worth waiting for.Read Full Story
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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 James A. Quella, Josh Bekenstein and Richard Armour.

  • 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, JOANN 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.