Michaels Companies: Earnings Estimates Continue To Slide

Michaels Companies: Earnings Estimates Continue To Slide
Michaels Companies reported its Q3 results earlier this month, with another quarter of disappointing comp-store sales. Given the significant year-over-year decline in comp-store sales and total revenues, analysts have been quick to revise earnings estimates lower for FY-2021 and FY-2022. Based on this, I continue to see Michaels Companies as an …
News story posted on 2019-12-25T10:36:00.0000000Z