Jo-Ann Stores (JAS) Reports Mixed Q3 Earnings; Comps Fell 1.5%; Slashes FY09 EPS Guidance
More News related to JAS
- Highlights from Jo-Ann Stores (JAS) Q1 Conference Call: Q1 Marked Strongest Jump in Traffic in 7 Qtrs.
- Wedbush Morgan Reiterates a 'Buy' on Jo-Ann Stores (JAS); Raises Price Ttarget & 2010 Estimates
- Jo-Ann Stores (JAS) Tops Q1 View By 19c; Guides Slightly Down And Sees FY10 SSS Down 2% To 4%
- Jo-Ann Stores Announces Financial Results for First Quarter
- Trading Radar for 5/27: AutoZone (AZO), American Eagle (AEO), Staples (SPLS), Dollar Tree (DLTR), TiVo (TIVO), Star Bulk (SBLK) Report; Existing Home Sales, Crude Inventories Due
Jo-Ann Stores, Inc. (NYSE: JAS) reports Q3 EPS of $0.35, ex-items, 3 cents better than the analyst estimate of $0.32. Revenue for the quarter was $480.1 million, versus the consensus of $495.29 million.
Sames store sales fell 1.5% compared to comps that were up 2.4% in the same quarter last year.
Lowers its FY09 same store sales estimate from up 2-3.5% to flat for the year. Also cuts FY09 EPS guidance from $0.95-$1.05 to $0.75-$0.85, versus the Street estimate of $1.07.
Jo-Ann Stores, Inc. operates as a specialty retailer of crafts in the United States.
Related Categories
EarningsGuidance
Hot List
Retail Sales
Stocks Mentioned
-0.95Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
