JOANN Inc (JOAN) pauses dividend to improve liquidity
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JOANN Announces Third Quarter Fiscal 2023 Results
December 12, 2022 4:15 PM EST7.9% decline in net sales accompanied by a strong 8% increase in Halloween item performanceTargeting $200 million of cost savings from lower supply chain, product costs, and other operating expenses to maximize cash generation and liquidity in a challenging macro environmentPausing quarterly dividend to improve operational flexibility and strengthen balance sheet
HUDSON, Ohio, Dec. 12, 2022 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (JOANN), the nations category leader in sewing and one of the fastest growing competitors in the arts and crafts... More
