Michaels Companies Now Up 54% Since Last Week’s Earnings Report
The Michaels Companies, Inc. (MIK) is up 11.2% Monday morning. The stock continues to build on last week’s rally after the company delivered a big second-quarter earnings beat with slightly better than expected revenue for the quarter. MIK is up over 54% in the last week following the earnings blow-out and investors continue to push shares higher.
The Michaels Companies, Inc. (MIK) is a specialty retailer.
Hovnanian Enterprises, Inc. (HOV) and GameStop Corp. (GME) top the list of other companies with positive news today, while PaySign, Inc. (PAYS) and Endo International plc (ENDP) top the list of companies with negative news.
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About The Michaels Companies Inc.
The Michaels Companies Inc is an arts and crafts specialty retailer in North America. The company provides materials, project ideas, and education for creative activities like crafting classes, store events, store displays, mobile applications, and online videos. The company sells merchandise through two stores: Michaels and Aaron Brothers. Michaels' revenue segments are general crafts, home decor and seasonal, framing, and paper crafting. Aaron Brothers offer unique framing assortments. The company operates its own distribution network through a wholly owned subsidiary to supply merchandise in the stores.