JOANN Inc (JOAN) Tops Q1 EPS by $1.60

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Go back to JOANN Inc (JOAN) Tops Q1 EPS by $1.60

JOANN Announces First Quarter Fiscal 2024 Results and Provides Full Year Outlook

June 5, 2023 4:15 PM EDT

Cash used for operations improved $88.4 million and free cash flow increased $89 million year over year Net sales totaled $478.1 million52.1% gross margin on a GAAP basis, a 380-basis point year-over-year improvementIdentified $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative

HUDSON, Ohio, June 05, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (JOANN), the nations category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results... More