TwinsTalkStocks ask “Will Michael’s Stores craft another successful quarter?”

Subscribe at http://bit.ly/TwinsTalkStocks

Michael’s ticker symbol is MIK. It reports earnings Thursday before the open. Thursday is St. Patrick’s Day. Will luck be on Michael’s side? The odds are in its favor. Q4, which includes the holidays, is Michael’s busiest time of the year.

Q4 accounts for about 46% of Michael’s annual operating income.

The first Michael’s opened up 40 years ago in Dallas in 1976. It had its first IPO in 1984 when it had 16 stores.

It went private in 2006. It went public again in June 2014 at $17/share. It hit a high of $30 in March 2015. It’s currently at $25/share.

It’s beaten earnings estimates the past 2 quarters.

it’s had double profit gains in 5 of the past 6 quarters.

Michael’s dominates the arts & crafts space. It has more than 1,260 stores. 118 of them are Aaron Brothers stores, which it bought back in 1995.

The typical Michael’s store has 40,000 different products and has 18,2000 square feet.

Shoppers use the coupons on their app to get 40$ off.

They have classes. And you can rent out space here for birthday parties.

In fact, TwinsTalkStocks will be having a birthday party here next month.

And you’re all invited.

Leave a Reply

Your email address will not be published. Required fields are marked *

*