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BRIEF-Michaels Cos Q1 earnings per share $0.38

June 6 Michaels Companies Inc:

* The Michaels Companies announces first quarter fiscal 2017 financial results

* Q1 earnings per share $0.38

* Q1 sales $1.16 billion versus I/B/E/S view $1.17 billion

* Q1 same store sales fell 1.2 percent

* Sees FY 2017 earnings per share $2.03 to $2.15

* Sees Q2 2017 earnings per share $0.15 to $0.17

* Q1 earnings per share view $0.39 -- Thomson Reuters I/B/E/S

* Michaels Companies Inc says fiscal 2017 guidance updated in response to weakening canadian exchange rates

* Michaels Companies Inc sees for fiscal 2017 comparable store sales to be down 0.2% to up 1.3%, or flat to up 1.5% on a constant currency basis

* Michaels Companies -in 2017, to open 18 new stores, including 17 new Michaels stores and one new Pat Catan's store, and close 11 Aaron Brothers stores

* Michaels Companies Inc- our operational expectations for remainder of 2017 have not changed

* Sees 2017 total net sales growth of 2.2% to 3.7%, or 2.5% to 4.0% on a constant currency basis

* Michaels Companies Inc sees for fiscal 2017 capital expenditures to be between $125 million and $135 million

* Sees Q2 comparable store sales to decrease 0.5% to 1.5%, or be approximately flat to down 1.0% on a constant currency basis

* Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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