JOANN Inc (JOAN) Misses Q4 EPS by 55c, Revenue Beats

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Go back to JOANN Inc (JOAN) Misses Q4 EPS by 55c, Revenue Beats

JOANN Announces Fourth Quarter and Full Year Fiscal 2023 Results

March 23, 2023 4:15 PM EDT

Topline sales gained momentum post-Black Friday, improving sequentially through the fourth quarter including positive total comparable sales in January 2023Fiscal 2023 year-end inventories down 11% compared to last year with a clearance position less than 5%Cost headwinds are becoming tailwinds through on-going progress of Focus, Simplify and Grow initiativeNew credit facility agreement strengthens balance sheet for fiscal year 2024

HUDSON, Ohio, March 23, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (JOANN), the nations category leader in fabric and sewing with one of... More