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
HQ
Irving, US
Founded
1973
Size (employees)
12,000 (est)
The Michaels Companies was founded in 1973 and is headquartered in Irving, US
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Key People/Management at The Michaels Companies

Stephen Carlotti

Stephen Carlotti

Executive Vice President—Marketing
Idalia Farrajota

Idalia Farrajota

Senior Vice President—Merchandising
Dennis Mullahy

Dennis Mullahy

Executive Vice President—Supply Chain and IT
Carl Rubin

Carl Rubin

Chairman of the Board and Chief Executive Officer
Denise Paulonis

Denise Paulonis

Executive Vice President and Chief Financial Officer
Holly Shaskey-Platek

Holly Shaskey-Platek

Senior Vice President – Human Resources
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The Michaels Companies Office Locations

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

The Michaels Companies Financials

The Michaels Companies's revenue was reported to be $5.20 b in FY, 2016 which is a 5.8% increase from the previous period.
USD

Revenue (Q3, 2018)

1.2 b

Net income (Q3, 2018)

79.8 m

EBIT (Q3, 2018)

153.9 m

Market capitalization (21-May-2018)

3.5 b

Closing share price (21-May-2018)

19

Cash (28-Oct-2017)

176.8 m

EV

6.1 b
The Michaels Companies's current market capitalization is $3.5 b.
Annual
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%
Quarterly
USDQ3, 2014Q2, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

1.1 b948 m984.3 m1.1 b1.2 b1.2 b1.1 b1.2 b1.2 b1.1 b1.2 b

EBIT

142 m52 m96.6 m144 m155.9 m145.3 m87.1 m146.3 m139.3 m88 m153.9 m

EBIT margin, %

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

Interest expense

41 m61 m34.3 m37.8 m33.8 m32.2 m32 m31.5 m30.4 m31.1 m32.8 m
Annual
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
Quarterly
USDQ3, 2014Q2, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

194 m90 m70.4 m272.6 m114.7 m171.9 m114.8 m150 m197.9 m134.1 m176.8 m

Accounts Receivable

24.9 m26.9 m36.9 m26.4 m24.3 m30.9 m

Current Assets

1.5 b1.2 b1.3 b1.4 b1.5 b1.3 b1.4 b1.7 b1.4 b1.5 b1.7 b

PP&E

377 m366 m394.7 m387.9 m385.4 m402.8 m398.7 m412.2 m403 m407.7 m401.9 m
Annual
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

Inventories

20.1 m(1.2 m)

Accounts Payable

77 m24.2 m38.2 m38.2 m
Quarterly
USDQ3, 2014Q2, 2014Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

61 m(3 m)102.4 m66.7 m179.2 m70.8 m106.4 m182.8 m72.2 m107.8 m

Depreciation and Amortization

82 m53 m55.9 m27.9 m85.4 m29.5 m58.5 m86.7 m28.6 m57.4 m

Accounts Payable

138 m(38 m)(10.7 m)(65 m)122.7 m(108.3 m)(20.2 m)233.3 m(91.8 m)(11.8 m)

Cash From Operating Activities

36 m(124 m)(87.1 m)(76.2 m)7.5 m(23.9 m)(24.4 m)136.5 m22.9 m(4 m)
USDY, 2017

EV/EBIT

39.9 x

EV/CFO

-1.5 k x

Revenue/Employee

103.3 k

Financial Leverage

-1.3 x
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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

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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The Michaels Companies News and Updates

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