The Michaels Companies

The Michaels Companies, Inc. is North America's largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of February 27, 2016, the Company owned and operated more than 1,340 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the gift and decor industry. The Michaels Companies, Inc. produces a number of exclusive private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart® and Loops & Threads®. With crafting classes, store events, project sheets, store displays, mobile applications and online videos, The Michaels Companies offer experiences that can inspire creativity and confidence for customers.
Type
Public
HQ
Irving, US
Founded
1973
Size (employees)
12,000 (est)-7%
The Michaels Companies was founded in 1973 and is headquartered in Irving, US

The Michaels Companies Office Locations

The Michaels Companies has an office in Irving
Irving, US (HQ)
8000 Bent Branch Dr

The Michaels Companies Data and Metrics

The Michaels Companies Financial Metrics

The Michaels Companies's revenue was reported to be $1.2 b in Q1, 2017
USD

Revenue (Q1, 2017)

1.2 b

Net income (Q1, 2017)

72.2 m

EBIT (Q1, 2017)

139.3 m

Market capitalization (22-Sep-2017)

4 b

Cash (29-Apr-2017)

197.9 m
The Michaels Companies's current market capitalization is $4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.6 b4.7 b4.9 b5.2 b

Revenue growth, %

195%4%6%

EBIT

294 m720.6 m715.3 m

EBIT margin, %

18%15%14%
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

948 m1.1 b1.1 b984.3 m1.2 b1.2 b1.1 b1.2 b1.2 b

EBIT

52 m142 m144 m96.6 m155.9 m145.3 m87.1 m146.3 m139.3 m

EBIT margin, %

5%13%13%10%13%13%8%12%12%

Pre tax profit

(77 m)100 m106 m56.3 m121.9 m112.7 m55.2 m107.6 m108.9 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

378 m409.4 m298.8 m298.8 m

Accounts Receivable

23.2 m23.2 m

Inventories

86.5 m

Current Assets

1.5 b1.5 b1.5 b1.5 b
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

90 m194 m272.6 m70.4 m114.7 m171.9 m114.8 m150 m197.9 m

Accounts Receivable

24.9 m26.9 m36.9 m26.4 m

Current Assets

1.2 b1.5 b1.4 b1.3 b1.5 b1.3 b1.4 b1.7 b1.4 b

PP&E

366 m377 m387.9 m394.7 m385.4 m402.8 m398.7 m412.2 m403 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

157 m362.9 m378.2 m378.2 m

Depreciation and Amortization

111 m114.8 m115.8 m115.8 m

Accounts Receivable

6.5 m8.9 m8.9 m

Inventories

20.1 m(1.2 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

(3 m)61 m66.7 m102.4 m179.2 m70.8 m106.4 m182.8 m72.2 m

Depreciation and Amortization

53 m82 m27.9 m55.9 m85.4 m29.5 m58.5 m86.7 m28.6 m

Accounts Receivable

6.9 m4.9 m(4.8 m)(3.2 m)

Accounts Payable

(38 m)138 m(65 m)(10.7 m)122.7 m(108.3 m)(20.2 m)233.3 m(91.8 m)
USDY, 2017

Revenue/Employee

96.5 k

Financial Leverage

-1.2 x
Show all financial metrics

The Michaels Companies Operating Metrics

The Michaels Companies's Stores was reported to be 1.4 k in Q1, 2018
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Stores

1.29 k1.3 k1.3 k1.2 k1.31 k1.35 k1.36 k1.37 k1.37 k1.36 k

Retail Space, sq ft

21.61 m22.07 m23.54 m

Retail Sales per Square Foot

$220$223$223

Vendors

630650620
Show all operating metrics

The Michaels Companies Market Value History

The Michaels Companies Revenue Breakdown

Traffic Overview of The Michaels Companies

The Michaels Companies Online and Social Media Presence

The Michaels Companies Company Life and Culture

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