Q2 2019 Earnings Conference Call

September 4, 2019 - 8:00 am CT

Michaels

Michaels is the #1 arts & crafts specialty retailer in North America*

Michaels

Aaron Brothers Art & Framing

Aaron Brothers provides frames, custom frames, art supplies and décor.

Aaron Brothers Art & Framing

Consumer Crafts

Consumer Crafts provides the largest variety of craft supplies (over 30,000 items) at low prices.

Consumer Crafts

Darice

Darice is the #1 wholesale distributor in the arts & crafts, gift and decor industry.

Darice

Darice International Sourcing Group

Darice International Sourcing Group enables our outstanding direct sourcing capabilities.

Darice International Sourcing Group

Artistree

Artistree is the #1 manufacturer of high-quality, custom and specialty frames.

Artistree

Latest Annual Report

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$5.27B

FY 2018 Net Sales

$319.5M

FY 2018 GAAP Net Income

$1.86

FY 2018 GAAP diluted EPS

2.7% CAGR line

Revenue ($M)

Adjusted Operating Margin


For complete information regarding our financials, see our periodic filings

Latest Quarterly Results Quarter Ended May 4, 2019

Q1 2019 Highlights

Q1 Net Sales

$1.09B

Q1 GAAP Net Income

$37.7M

Q1 GAAP diluted EPS

$0.24

Company Overview

With $5.3 billion in sales in fiscal 2018, The Michaels Companies, Inc. is the largest arts and crafts specialty retailer in North America (based on store count) providing materials, project ideas and education for creative activities. Our vision is to inspire and enable customer creativity, create a fun and rewarding place to work, foster meaningful connections with our communities, and lead the industry in growth and innovation.

We operate more than 1,250 Michaels stores in 49 states and Canada. Additionally, we serve customers through various digital platforms including Michaels.com, consumercrafts.com and aaronbrothers.com. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high-quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the craft, gift and decor industry.

We believe anyone can make, and we're on a mission to inspire and encourage everyone to unleash his or her inner maker. With crafting classes, store events, project sheets, store displays, mobile applications and online videos, we offer a shopping experience that can inspire creativity and build confidence in our customers' artistic abilities.

A Holistic Strategy: Vision 2020

Our Vision 2020 strategy is dedicated to enhacing interactions with our customers, providing relevant and trendy products and focusing on new businesses that propel us forward.

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Values to be Proud Of

Our values are deeply rooted in the happiness of our customers and our involvement in our community. We value innovation, simplicity and most of all, having fun.

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More than Half a Century of Creativity

From the beginning, we have dedicated ourselves to inspiring and nurturing the creative pursuits of our customers and community.

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IR Contact Information

Company Information

The Michaels Companies, Inc.
8000 Bent Branch Drive
Irving, TX 75063
T: (972) 409-1300

Investor Relations

The Michaels Companies, Inc.
Elaine Locke
Vice President - Investor Relations & Treasurer
8000 Bent Branch Drive
Irving, TX 75063
T: 972-409-1424
investorrelations@michaels.com

Transfer Agent

Computershare
P.O. Box 30170
College Station, TX 77842-3170
T: 781-575-3100
web.queries@computershare.com
www.computershare.com/investor

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