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 Financials and Metrics

The Michaels Companies Financials

The Michaels Companies's revenue was reported to be $5.2 b in FY, 2016
USD

Revenue (Q2, 2018)

1.1 b

Net income (Q2, 2018)

35.6 m

EBIT (Q2, 2018)

88 m

Market capitalization (13-Nov-2017)

3.5 b

Cash (29-Jul-2017)

134.1 m

EV

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

Revenue

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

EBIT

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

EBIT margin, %

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

Interest expense

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

Cash

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

Accounts Receivable

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

Current Assets

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

PP&E

377 m366 m394.7 m387.9 m385.4 m402.8 m398.7 m412.2 m403 m407.7 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)
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 Receivable

6.9 m4.9 m(4.8 m)(3.2 m)(1.1 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)
Y, 2017

EV/EBIT

70.2 x

EV/CFO

-1.5 k x

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

The Michaels Companies's Web-traffic and Trends

The Michaels Companies Online and Social Media Presence

The Michaels Companies Company Life and Culture

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