MIK News and Press, The Michaels Companies Inc. From 03/31/21

Michaels (MIK) has launched a pilot program with Instacart, the leading online grocery platform in North America, to deliver from nearly 100 Michaels stores across Chicago, Dallas and Washington D.C. Delivery via Instacart is expected to expand to all Michaels stores in the U.S. over the comi...

Initial Pilot Provides Same-day Delivery to Michaels Customers in Chicago, Dallas and Washington D.C. Michaels, the leading arts and crafts retailer in North America, today announced the company has launched a pilot program with Instacart, the leading online grocery platform...

Michaels Cos. (MIK) fell 0.5% after it revealed in a filing that it received no offers during its go-shop period, which expired on Saturday, after it agreed to be sold to Apollo earlier this month for $22/share..During the go-shop period, Michaels adviser UBS contacted app...

Cricut has seen a soft welcome as a publicly traded stock. The company has seen its shares drop as it trades at a premium valuation based on 2020's likely boom earnings. Despite the Covid-19 impact on the stock, it is the innovative nature of the business and its products which cr...

Michael Cos. (MIK) is starting to pare some earlier gains after unidentified Party A informed the arts/crafts retailer's legal adviser that it no longer intended to pursue an acquisition of the company, according to a filing.An earlier filing indicated that Party A may bid during the go-shop ...

Glenview Capital Management’s 13F portfolio value increased from $3.19B to $4.36B this quarter. The number of positions increased from 45 to 54. They increased Lyft Inc. & Boston Scientific while reducing Meritor and Hologic during the quarter. The top three stakes are ...

Tracking ongoing M&A deals appeared to be back in focus this week as SPAC craze appears to be fading a bit on investor angst over inflated valuations. Marvell's (MRVL) planned purchase of Inphi (IPHI) was a point of focus  after various deal related publications discussed China'...

Funds associated with Apollo Global Management announced the purchase of The Michaels Companies in a multi-billion-dollar transaction. This move comes as Michaels is experiencing what looks like a turnaround during the COVID-19 pandemic. Unless management expects performance to wo...

Michaels Companies (MIK): Q4 Non-GAAP EPS of $1.69 beats by $0.23; GAAP EPS of $1.72 beats by $0.27.Revenue of $1.92B (+11.6% Y/Y) beats by $90M.Press Release For further details see: Michaels Companies EPS beats by $0.23, beats on revenue

The Michaels Companies, Inc. (NASDAQ: MIK) today announced financial results for the fourth quarter and full year fiscal 2020 ended January 30, 2021. Key Financial Results: 1 See additional information in this release for a reconciliation of non-GAAP financial measures t...