Market Overview

The Michaels Companies to Report Second Quarter Earnings on August 30, 2018

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The Michaels Companies, Inc. (NASDAQ:MIK) today announced that the
Company plans to report second quarter results on Thursday, August 30,
2018, before the opening of U.S. financial markets. In connection with
the announcement, the Company will host a conference call at 8:00 a.m.
CT on Thursday, August 30, 2018, to discuss its financial and
operational results.

Investors who would like to join the conference call are encouraged to
pre-register for the conference call using the following link: http://dpregister.com/10122588.
Callers who pre-register will be given a phone number and a unique PIN
to gain immediate access to the call and bypass the live operator.
Participants may pre-register at any time, including up to and after the
call start time.

Investors without internet access or who are unable to pre-register can
join the call by dialing (844) 340-4762 or (412) 717-9617.

The conference call will also be webcast at https://investors.michaels.com/news-events/events.
To listen to the live call, please go to the website at least 15 minutes
before the call is scheduled to begin to register and download any
necessary audio software. The webcast will be accessible for 30 days
after the call. Additionally, a telephone replay will be available until
September 13, 2018, by dialing (877) 344-7529 or (412) 317-0088, access
code 10122588.

About The Michaels Companies, Inc.:

The Michaels Companies, Inc. is North America's largest specialty
provider of arts, crafts, framing, floral, wall décor, and seasonal
merchandise for Makers and do-it-yourself home decorators. The Company
owns and operates more than 1,200 stores in 49 states and Canada under
the brands Michaels and Pat Catan's. Additionally, the Company serves
customers through Michaels.com, consumercrafts.com and
aaronbrothers.com. The Michaels Companies, Inc., also owns Artistree, a
manufacturer of high quality custom and specialty framing merchandise,
and Darice, a premier wholesale distributor in the craft, gift and decor
industry. For a list of store locations or to shop online, visit www.michaels.com
or download the Michaels
app
.

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