Jo-Ann Stores (JAS) Reports Q2 Loss of $0.47; Raises FY08 Guidance

August 27, 2008 4:03 PM EDT

Jo-Ann Stores, Inc. (NYSE: JAS) reports a Q2 loss of $0.47, versus the analyst estimate of ($0.66). Revenues for the quarter were $403 million, versus the consensus of $403.38 million.

Raises its FY08 EPS guidance from $0.75-$0.85 to $0.95-$1.05, versus the consensus of $0.94. Same store sales growth of 2-3.5% for the year.

Jo-Ann Stores, Inc. operates as a specialty retailer of crafts in the United States.

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