JOANN Inc (JOAN) Misses Q2 EPS by 15c, Sales Beat

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JOANN Announces Second Quarter Fiscal 2023 Results

September 1, 2022 4:01 PM EDT

Comparable store sales decreased by 6.2% with sequential improvement throughout the quarterDigital sales grew 2% versus second quarter fiscal 2022, with penetration exceeding 12% of total salesCompany anticipates significant debt reduction by fiscal 2023 year-end

HUDSON, Ohio, Sept. 01, 2022 (GLOBE NEWSWIRE) --  JOANN Inc. (NASDAQ: JOAN) (JOANN), the nations category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today reported results... More