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How The Michaels Companies, Inc. Turned 1% Sales Growth Into a 19% Earnings Boost

TheMotleyFool

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How The Michaels Companies, Inc. Turned 1% Sales Growth Into a 19% Earnings Boost

Arts and crafts store-chain The Michaels Companies (NASDAQ: MIK) reported third-quarter results early Thursday morning. The company beat some of its own guidance targets and fell short of others, but the bottom line came in well ahead of expectations.

Here's a closer look at Michaels' third quarter.

Image source: Getty Images.

Source: Fool.com