JOAN News and Press, JOANN Inc. From 06/03/22

Shares of Joann (NASDAQ: JOAN) , a craft store retailer , fell dramatically at the open of trading on June 3, losing as much as 17.5% in the first few minutes of the day. The drop was directly related to the company's first-quarter fiscal 2023 earnings release, which hit the Str...

JOANN Inc. (NASDAQ:JOAN) is losing the support of previously bullish analysts after a serious earnings disappointment. The Ohio-based retailer reported significant disappointments in terms of sales, margins, and more. In particular, non-GAAP EPS of -$0.22 was a major surprise for analysts tha...

JOANN (JOAN) -17% on Q1 earnings release. Boqii Holding (BQ) -10%. Asana (ASAN) -9% on Q1 earnings release. Avadel Pharmaceuticals (AVDL) -6% is collaborating with the American Academy of Sleep Medicine Foundation, to support its 2022 Young Investigators Research...

JOANN (NASDAQ:JOAN) shares dip after earnings disappoint in Q1, due to inflation and supply chains issues. Total comparable sales fell 12.9% in the quarter vs. 15.0% increase year ago. Adjusted gross margin rate up 140 bps Y/Y to 54.1%. Adjusted EBITDA was $18.6M vs. $57.5M year ago...

Image source: The Motley Fool. JOANN Inc. (NASDAQ: JOAN) Q1 2023 Earnings Call Jun 02, 2022 , 5:00 p.m. ET Operator Continue reading For further details see: JOANN Inc. (JOAN) Q1 2023 Earnings Call Transcript

JOANN Inc. (JOAN) Q1 2023 Earnings Conference Call June 02, 2022 5:00 PM ET Company Participants Ajay Jain - IR Director Wade Miquelon - Chairman, President and CEO Matthew Susz - Executive VP and CFO Conference Call Participants Liz Suzuki - Bank of America Daniel Hofkin - William Blair Davi...

JOANN press release (NASDAQ:JOAN): Q1 GAAP EPS of -$0.86 misses by $0.92. Revenue of $498M (-13.3% Y/Y) misses by $19.09M. For further details see: JOANN GAAP EPS of -$0.86 misses by $0.92, revenue of $498M misses by $19.09M

The company continues to navigate challenged supply chains and inflationary environment First quarter sales totaled $498 million for a total comparable sales decline of 12.9% (following a 15.0% increase in the first quarter last year) First quarter gross margin of 48.3% ...

Wells Fargo said a definite shift in retail spending trends was observed in its latest survey of consumers. The firm said the percentage of consumers who are stepping up hardlines spending ticked down to 83% from 94% in February. Analyst Zachary Fadem said the results suggested post-pandemic ...

HUDSON, Ohio, June 01, 2022 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today announced that members of its management team will participate i...