The Michaels Companies, Inc. provided revenue guidance for the fourth quarter and fiscal year 2019. For the quarter, the company expects comparable store sales to be down 2%-3% reflecting current business trends, a shorter holiday selling season in the fourth quarter, and a potential negative impact from the liquidation of A.C. Moore retail locations. For the year, the company expects net sales to be between $5.06 billion and $5.08 billion; comparable store sales to be down approximately 2%.