Jo-Ann Stores (JAS) Tops Q1 View By 19c; Guides Slightly Down And Sees FY10 SSS Down 2% To 4%

Jo-Ann Stores, Inc. (NYSE: JAS) reports Q1 EPS of $0.30 versus the analyst estimate of $0.11. Revenue for the quarter was $460 million, versus the consensus of $460 million.

Sees FY10 EPS 70c to 85c versus consensus of 90 cents. Sees SSS FY10 down 2% to 4%.

UPDATE: Click Here to see a summary of some highlights from the company's Q1 conference call.

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