Michaels Stores

Michaels Stores

Operates as an arts and crafts specialty retailer in North America. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$5.0b (Public information from Mar 2021)
Irving Texas (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD201720182019202020212022
Revenues5.2b5.4b5.3b5.1b5.3b5.3b
% growth-3 %(2 %)(4 %)4 %-
EBITDA813m825m761m657m726m712m
% EBITDA margin16 %15 %14 %13 %14 %13 %
Profit378m390m320m273m295m369m
% profit margin7 %7 %6 %5 %6 %7 %
EV / revenue0.8x0.9x0.4x0.9x1.0x-
EV / EBITDA4.8x6.0x2.8x7.2x7.3x-
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DateInvestorsAmountRound
N/A

$120m

Late VC
N/A

$473m

Valuation: $3.5b

IPO

$5.0b

Valuation: $5.0b

1.0x EV/LTM Revenues

7.6x EV/LTM EBITDA

Buyout
Total Funding$120m

Recent News about Michaels Stores

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More about Michaels Storesinfo icon
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Michaels is a leading retailer specializing in arts, crafts, and home decor, catering to a diverse clientele ranging from hobbyists to professional artists. Operating primarily in the North American market, Michaels offers a wide array of products including craft supplies, Cricut machines, custom framing, and seasonal decorations. The business model revolves around both in-store and online sales, leveraging exclusive collections and frequent promotions to drive customer engagement and sales. Revenue is generated through the sale of these products, as well as through services like custom framing and personalized art pieces. Michaels also offers classes and events to foster a community of creativity among its customers.

Keywords: arts, crafts, home decor, custom framing, seasonal decorations, Cricut, exclusive collections, online sales, in-store sales, creative community.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.