The Michaels Companies (MIK) CEO Chuck Rubin on Q3 2018 Results - Earnings Call Transcript

Dec. 06, 2018 2:54 PM ETThe Michaels Companies, Inc. (MIK)
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The Michaels Companies. (NASDAQ:MIK) Q3 2018 Earnings Conference Call December 6, 2018 9:00 AM ET

Executives

Kiley Rawlins - VP, IR & Communications

Chuck Rubin - Chairman & CEO

Denise Paulonis – CFO

Analysts

John Heinbockel - Guggenheim

Seth Sigman - Credit Suisse

Christopher Horvers - JP Morgan

Simeon Gutman - Morgan Stanley

Mike Baker - Deutsche Bank

Laura Champine - Loop Capital

Liz Suzuki of Bank - America Merrill Lynch

Operator

Good morning. My name is Denise and I will be your conference operator today. At this time, we’d like to welcome everyone to The Michaels Company's Earnings Conference Call to discuss results for the Third Quarter of Fiscal 2018. All lines have been placed on mute to prevent any background noise. [Operator Instructions] Please note this event is being recorded. Thank you.

And now, I'd like to turn the call over to your host, Kiley Rawlins, Vice President of Investor Relations and Communications. Ms. Rawlins, you may begin the conference.

Kiley Rawlins

Thank you, Denis. Good morning everyone and thank you for joining us today. Earlier this morning, we released our financial results for the third quarter of fiscal 2018. A copy of this press release is available in the Investor Relations section of our website at www.michaels.com.

Before we begin our discussion, let me remind you that today's press release and the presentations made by our executives on this call may constitute forward-looking statements and are made pursuant to and within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended.

While these statements address plans or events which we expect will or may occur in the future, a number of factors as set forth in our SEC filings and press releases could cause actual results to differ materially from

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