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Joann Inc   (JOAN)
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    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail


 

Joann Inc

JOAN's Financial Statements and Analysis



Joann Inc increased third quarter of 2024 net loss per share of $-0.51 compare to net loss per share of $-0.43 recorded in the same quarter a year ago and improved compare to net loss per share of $-1.76 realized in previous quarter.


third quarter of 2024
Earnings Per Share Revenues
$ -0.51 $  540 Mill
$-0.08     $-23M     -4.09 %



Joann Inc 's Revenue fell by -4.09 % in third quarter of 2024 (Oct 28 2023) year on year, to $540 million and advanced by 18.95 % sequentially.


Joann Inc is

More on JOAN's Income Statement



Joann Inc 's in thethird quarter of 2024 recorded net loss of $-21.600 million, an increase from net loss of $-17.500 million in III. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-73.300 million realized in previous quarter.

More on JOAN's Growth

Joann Inc Inventories
Inventories declined by -9.02 % to $679.60 million from III. Quarter a year ago, sequentially inventories rose by 5.86 %. JOAN's Cash flow In the third quarter of 2024 company's net cash flow was $9 million, capital expenditures grew by -25.4-73.62%, to $-7 millions compare to same quarter a year ago

More on JOAN's Cash flow Statement


Joann Inc payed out dividend of $0.11 per share in last 52 weeks representing 55.00 % of net earning per share in trailing twelve-month period.

During the same period Joann Inc payed $ -1.24 cash per share, on a free-cash flow basis .


Tangible Book value fell to $ -14.43 per share from $ -14.20.

Company issued 0.50 million shares or 1.20 % in Oct 28 2023.
Interest Coverage Ratio was 1.52. Debt Coverage Ratio was 0.13.

More on JOAN's Dividends

 Market Capitalization (Millions) 5
 Shares Outstanding (Millions) 42
 Total Debt (Millions $) 1,155
 Revenue (TTM) (Millions $) 2,365
 Net Income (TTM) (Millions $) 17
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) -53
 Dividend TTM ($) 0.11 $
 Dividend Yield TTM (%) 100 %
 Employees (TTM) $ 23,000




Joann Inc payed out dividend of $0.11 per share in the last 52 weeks representing 55.00 % of net earning per share in trailing twelve-month period.

During the same period Joann Inc had negative $ -1.24 cash flow per share, on a free-cash flow basis .


Tangible Book value fell to $ -14.43 per share from $ -14.20.

Company issued 0.50 million shares or 1.20 % in Oct 28 2023.
Interest Coverage Ratio was 1.52. Debt Coverage Ratio was 0.13.

More on JOAN's Balance Sheets

 Market Capitalization (Millions) 5
 Shares Outstanding (Millions) 42
 Total Debt (Millions $) 1,155
 Revenue (TTM) (Millions $) 2,365
 Net Income (TTM) (Millions $) 17
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) -53
 Dividend TTM ($) 0.11 $
 Dividend Yield TTM (%) 100 %
 Employees (TTM) $ 23,000
   


  News about Joann Inc Earnings

Joann Inc Witnesses Minor 4.087% Revenue Dip, Bolstering Construction Efforts Amid Recent Fiscal Challenges

Joann Inc. is a leading specialty retailer in the fabric and sewing industry, based in Hudson, Ohio. The company offers one of the largest assortments of arts and crafts products, making it the go-to destination for creative individuals. However, the third quarter of 2024 was challenging for Joann Inc., as lower revenue and increased losses were observed.
In the third quarter of 2024, Joann Inc. experienced a decline in revenue by -4.087% to $539.80 million, compared to the previous year's reporting period. This drop in revenue resulted in a larger shortfall per share at $-0.51, compared to $-0.43 per share realized in the same period a year ago. These figures indicate a decrease in profitability and sug...

Joann Inc Reports Struggling Performance: Revenue Drops by 2%, Resulting in Significant Losses



In the financial interval ending July 29, 2023, Joann Inc reported weakening business performance, leading to significant losses. A decrease in revenue by -2.051% to $453.80 million and a higher shortfall per share were major contributors to the company's struggling financial results. This decline is in comparison to the previous reporting period, where the company experienced a shortfall of $-1.40 per share and a revenue decrease of -5.083% to $478.10 million. To provide further context, Joann Inc's net shortfall of $-73.300 million for this financial period was larger than the $-56.900 million recorded one year prior. Despite an increase in stockpiles due to the seasonal nature of the company's b...

Joann Inc's Fiscal Woes Deepen: Reveals a Dramatic Widening of Losses in Q1 2024 Amidst Dropping Revenues

Lower Revenue Leads to Diminished Returns for Joann Inc in Fiscal First Quarter of 2024
Joann Inc, a leading retailer of fabrics and crafting supplies, reported declining revenue and narrowing profits in their recent financial report for the first quarter of fiscal year 2024. The company faced challenges in the quarter due to lower consumer demand, supply chain disruptions, and rising costs of goods sold.
Revenue for the quarter fell by 3.996% to $478.10 million, compared to the same period a year ago. This decrease in revenue has resulted in reduced profits for the company. The deficit per share for the quarter was $-1.31 in contrast to $-0.86 per share realized during the same period a year ago. Th...


Date modified: 2023-12-16T20:10:49+00:00





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