JOANN Inc (JOAN) Tops Q4 EPS by 13c

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Go back to JOANN Inc (JOAN) Tops Q4 EPS by 13c

JOANN Announces Fourth Quarter and Full Year Fiscal 2022 Results

March 17, 2022 4:15 PM EDT

Fiscal 2022 revenue of $2.4 billion, reflecting comparable sales growth of 8.3% compared to Fiscal 2020Net income of $56.7 million, compared to $212.3 million in Fiscal 2021 and a loss of $(546.6) million in Fiscal 2020 Two-year growth rate of 10% for gross profit and 14% for adjusted gross profit compared to Fiscal 2020Adjusted EBITDA of $242.5 million, reflecting a two-year growth rate of 58% compared to Fiscal 2020New strategic partnerships and newly acquired customers provide strong foundation for continued growth

HUDSON, Ohio, March 17, 2022 (GLOBE NEWSWIRE) --... More