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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, DC 20549
 
 FORM 10-Q/A
 (Mark One)
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended April 30, 2005
 OR
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    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number 001-09338
 
 MICHAELS STORES, INC.
  Delaware
(State or other jurisdiction of
incorporation or organization)
    
    75-1943604
(I.R.S. employer
identification number)
 8000 Bent Branch Drive
Irving, Texas 75063
P.O. Box 619566
DFW, Texas 75261-9566
 (972) 409-1300
 
 þ o
 þ o
  Title
    
    Shares Outstanding as of June 6, 2005Common Stock, par value $.10 per share
    
    135,587,110




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MICHAELS STORES, INC.
FORM 10-Q/A
 EXPLANATORY NOTE
  Item 6. Exhibits.
 10.1
    
    Fiscal Year 2005 Bonus Plan for R. Michael Rouleau (previously filed as Exhibit 10.1 to Form
8-K filed by Registrant on April 13, 2005, SEC File No. 001-09338).10.2
    
    Fiscal Year 2005 Bonus Plan for Jeffrey N. Boyer (previously filed as Exhibit 10.2 to Form
8-K filed by Registrant on April 13, 2005, SEC File No. 001-09338).10.3
    
    Fiscal Year 2005 Bonus Plan for Edward F. Sadler (previously filed as Exhibit 10.3 to Form
8-K filed by Registrant on April 13, 2005, SEC File No. 001-09338).10.4
    
    Fiscal Year 2005 Bonus Plan for Gregory A. Sandfort (previously filed as Exhibit 10.4 to Form
8-K filed by Registrant on April 13, 2005, SEC File No. 001-09338).10.5
    
    Fiscal Year 2005 Bonus Plan for Douglas B. Sullivan (previously filed as Exhibit 10.5 to Form
8-K filed by Registrant on April 13, 2005, SEC File No. 001-09338).31.1
    
    Certifications of R. Michael Rouleau pursuant to § 302 of the Sarbanes-Oxley Act of 2002
(filed herewith).31.2
    
    Certifications of Jeffrey N. Boyer pursuant to § 302 of the Sarbanes-Oxley Act of 2002 (filed
herewith).32.1
    
    Certification pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the
Sarbanes-Oxley Act of 2002 (filed herewith).
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MICHAELS STORES, INC.
FORM 10-Q/A
 SIGNATURES
  MICHAELS STORES, INC.By:

/s/
Jeffrey N. BoyerJeffrey N. BoyerExecutive Vice President 
Chief Financial Officer
(Principal Financial Officer)  3




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INDEX TO EXHIBITS
 ExhibitNumber
    
    Description of Exhibit10.1
    
    Fiscal Year 2005 Bonus Plan for R. Michael Rouleau (previously
filed as Exhibit 10.1 to Form 8-K filed by Registrant on April 13,
2005, SEC File No. 001-09338).10.2
    
    Fiscal Year 2005 Bonus Plan for Jeffrey N. Boyer (previously filed
as Exhibit 10.2 to Form 8-K filed by Registrant on
April 13, 2005, SEC File No. 001-09338).10.3
    
    Fiscal Year 2005 Bonus Plan for Edward F. Sadler (previously filed
as Exhibit 10.3 to Form 8-K filed by Registrant on
April 13, 2005, SEC File No. 001-09338).10.4
    
    Fiscal Year 2005 Bonus Plan for Gregory A. Sandfort (previously
filed as Exhibit 10.4 to Form 8-K filed by Registrant on April 13,
2005, SEC File No. 001-09338).10.5
    
    Fiscal Year 2005 Bonus Plan for Douglas B. Sullivan (previously
filed as Exhibit 10.5 to Form 8-K filed by Registrant on April 13,
2005, SEC File No. 001-09338).31.1
    
    Certifications of R. Michael Rouleau pursuant to § 302 of the
Sarbanes-Oxley Act of 2002 (filed herewith).31.2
    
    Certifications of Jeffrey N. Boyer pursuant to § 302 of the
Sarbanes-Oxley Act of 2002 (filed herewith).32.1
    
    Certification pursuant to 18 U.S.C. § 1350, as adopted pursuant to
§ 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).
 4