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Michaels Cos. posts lower net income

Posted online June 6, 2017 | 11:28 am

Michaels Cos. Inc. reported fiscal first-quarter earnings of $66.9 million, a drop from $85 million a year earlier.

Revenue was roughly flat at $1.16 billion.

Same-store sales declined by 1.2 percent.

Read more from MarketWatch Pulse.

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