Printer Friendly

MICHAELS CONTINUES DOUBLE DIGIT SALES INCREASE

 MICHAELS CONTINUES DOUBLE DIGIT SALES INCREASE
 IRVING, Texas, June 2 /PRNewswire/ -- Michaels Stores, Inc.


(NASDAQ: MIKE) announced that its sales in May 1992 were $27.9 million, an increase of 18 percent over May 1991. Comparable store sales were up 12 percent. Year-to-date sales for the first four months of fiscal 1992 were $122.3 million, a 15 percent increase, and same-store sales rose 12 percent.
 The nation's leading retailer of arts and crafts, Michaels Stores, Inc. offers a wide selection of picture framing materials, silk and dried flowers, hobby and art supplies, creative crafts, and party, seasonal and holiday merchandise. The company owns and operates 150 stores in 21 primarily Southern states, from California to the Carolinas.
 -0- 6/2/92
 /CONTACT: R. Don Morris, executive vice president and chief financial officer of Michaels Stores, 214-714-7100/
 (MIKE) CO: Michaels Stores Inc. ST: Texas IN: REA SU:


SM -- NY059 -- 6322 06/02/92 15:30 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 2, 1992
Words:156
Previous Article:WHEELING-PITTSBURGH STEEL CORPORATION ANNOUNCES PRICE REVISION
Next Article:CHILDREN'S MIRACLE NETWORK TELETHON RAISES MORE THAN $1.8 MILLION LOCALLY
Topics:


Related Articles
MICHAELS SALES RISE 9 PERCENT IN JANUARY PUTTING FY91 AT RECORD $411 MILLION
MICHAELS FIRST QUARTER EARNINGS INCREASE MORE THAN 250 PERCENT TO $.18 PER SHARE
MICHAELS STORES REPORTS APRIL SALES
MICHAELS REPORTS JUNE SALES INCREASE OF TEN PERCENT
MICHAELS REPORTS 20 PERCENT GAIN IN JULY SALES, ADDING TO STRONG SALES RESULTS FOR THE QUARTER AND SIX MONTHS
MICHAELS REPORTS RECORD OCTOBER AND THIRD QUARTER SALES WITH 19 PERCENT GAINS
MICHAELS STORES REPORTS RECORD 64% GAIN IN JUNE SALES
Michaels Reports March Same-Store Sales Increase of 8%
Michaels Reports February Same-Store Sales Up 7%
Michaels Reports 1997 Earnings Per Share of $1.05

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters