Brief: Joann Reports Qtrly Earnings Per Share Of $1.05

Joann

01/04/2021 13:28

April 1 (Reuters) - Joann Inc  JOAN.O :
    * JOANN ANNOUNCES STRONG FOURTH FISCAL QUARTER & FULL FISCAL
YEAR
2021 RESULTS
    * JOANN INC - Q4 REVENUE AND COMPARABLE SALES INCREASED 21%
OVER
COMPARABLE PERIOD LAST YEAR
    * JOANN INC QTRLY NET SALES INCREASED 20.9% COMPARED TO SAME
PERIOD IN PRIOR FISCAL YEAR, TO $840.8 MILLION
    * JOANN INC - OMNI-CHANNEL NET SALES GREW BY 194% IN QUARTER
OVER
COMPARABLE PERIOD LAST YEAR
    * JOANN INC - INVENTORIES WERE $555.9 MILLION AS OF JAN 30,
2021,
A DECREASE OF $93.8 MILLION OR 14.4% FROM FEB 1, 2020
    * JOANN INC QTRLY EARNINGS PER SHARE $1.05

Source text for Eikon:  ID:nGNX59sPZQ 
Further company coverage:  JOAN.O 

 ((Reuters.Briefs@thomsonreuters.com;))