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home / news releases / MIK - Cricut Grows International As It Faces Inflation Pressures


MIK - Cricut Grows International As It Faces Inflation Pressures

  • Cricut went public in March 2021, raising $306 million in an IPO.
  • The company sells craft-making equipment and related products to consumers worldwide.
  • CRCT has felt the negative effects of cost inflation and a waning pandemic.
  • Until management demonstrates it can pass through price increases in 2022 and reignite gross margin growth, I'm on Hold for CRCT.

For further details see:

Cricut Grows International As It Faces Inflation Pressures
Stock Information

Company Name: The Michaels Companies Inc.
Stock Symbol: MIK
Market: NASDAQ
Website: michaels.com

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