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MIK - Cricut Grows International As It Faces Inflation Pressures
May, 09 2022 01:24 PM
The Michaels Companies Inc.
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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