The first quarter largely met expectations, but its interim management team is tweaking the business model to address some recent challenges.
News & Analysis: Michaels Stores
Tough business conditions weighed on many stocks despite a generally calm market.
The arts and crafts retailer delivered on its financial promises in the first quarter, but management cut full-year earnings targets by 2%.
MIK earnings call for the period ending May 4, 2019.
A quirk in the arts and crafts retailer's fiscal calendar led to some difficult year-over-year comparisons in the fourth quarter.
MIK earnings call for the period ending February 3, 2019.
The company's new CEO helped deliver better-than-expected quarterly results.
A veteran retail executive will take over the CEO job, at least on a temporary basis.
The arts and crafts retailer is closing down an underperforming chain of stores in Ohio, and this holiday season's sales are turning out a bit lower than expected.
The arts and crafts retailing veteran beat its own third-quarter targets thanks to strong in-store foot traffic and a bountiful stock repurchase program.