Jo-Ann Stores (JAS) Reports 4.3% Jump in Q3 Same Store Sales; Guides Q3, Raises FY10 Outlook
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- Jo-Ann Stores (JAS) Reports 4.3% Jump in Q3 Same Store Sales; Guides Q3, Raises FY10 Outlook
- Jo-Ann Stores Announces Third Quarter Sales Results and Updates Outlook
Jo-Ann Stores, Inc. (NYSE: JAS) reports total sales for Q3 were $509.1 million, up 6% from the same period last year. Same store sales up 4.3%.
Sees Q3 EPS of $0.88-$0.90, versus the consensus of $0.45.
Sees FY10 same store sales up 2.3%-2.7%, versus the previous forecast of flat to up 1%. EPS guidance for the year increased from $1.35-$1.50 to $1.95-$2.05, versus the Street estimate of $1.48.
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GuidanceRetail Sales
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