JOANN Inc. (JOAN) Income Statement Analysis

See more : Palm Jewels Limited (PALMJEWELS.BO) Income Statement Analysis – Financial Results

Complete financial analysis of JOANN Inc. (JOAN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of JOANN Inc., a leading company in the Specialty Retail industry within the Consumer Cyclical sector.

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JOANN Inc. (JOAN)

Industry: Specialty Retail

Sector: Consumer Cyclical

Website: https://www.joann.com

About JOANN Inc.

JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States. Its products in sewing category include cotton fabrics; warm fabrics, such as fleece and flannel fabrics; home decorating and utility fabrics and accessories; fashion and sportswear fabrics; special occasion fabrics; seasonally themed and licensed fabric designs; and sewing construction supplies comprising cutting implements, threads, zippers, trims, tapes, pins, elastic, and buttons, as well as patterns for sewing projects. The company's products in arts and crafts, home décor, and other category consist of yarn and yarn accessories, and needlecraft kits and supplies; paper crafting components; craft materials; fine art materials; sewing machines, craft technology, lighting, irons, organizers, and other products; artificial floral products; seasonal décor and entertaining products; home décor accessories; ready-made frames; comprehensive assortment books and magazines; and non-merchandise services. JOANN Inc. offers its products through retail stores, as well as online. As of March 21, 2022, it operated 848 retail stores in 49 states. The company was formerly known as Jo-Ann Stores Holdings Inc. and changed its name to JOANN Inc. in February 2021. JOANN Inc. was founded in 1943 and is based in Hudson, Ohio.

Metric	2023	2022	2021	2020	2019	2018
Revenue	2.22B	2.42B	2.76B	2.24B	2.32B	2.31B
Cost of Revenue	1.18B	1.20B	1.40B	1.14B	1.15B	1.13B
Gross Profit	1.04B	1.21B	1.37B	1.11B	1.18B	1.18B
Gross Profit Ratio	46.93%	50.16%	49.46%	49.32%	50.61%	51.16%
Research & Development	16.10M	15.50M	13.10M	13.00M	0.00	0.00
General & Administrative	1.02B	973.50M	1.07B	912.90M	951.40M	943.40M
Selling & Marketing	55.80M	59.40M	60.60M	64.50M	0.00	0.00
SG&A	1.07B	1.03B	1.13B	977.40M	951.40M	943.40M
Other Expenses	80.40M	80.10M	80.00M	77.50M	76.00M	78.80M
Operating Expenses	1.15B	1.11B	1.21B	1.05B	1.03B	1.02B
Cost & Expenses	2.33B	2.32B	2.61B	2.19B	2.18B	2.15B
Interest Income	64.00M	54.30M	69.00M	101.90M	0.00	0.00
Interest Expense	64.00M	51.20M	69.00M	101.90M	101.10M	95.40M
Depreciation & Amortization	80.40M	104.60M	80.00M	77.50M	76.00M	78.80M
EBITDA	-129.40M	201.00M	234.20M	127.90M	225.10M	240.60M
EBITDA Ratio	-1.50%	8.45%	8.48%	5.71%	9.68%	10.40%
Operating Income	-113.60M	99.70M	154.20M	50.40M	149.10M	161.80M
Operating Income Ratio	-5.12%	4.12%	5.58%	2.25%	6.41%	6.99%
Total Other Income/Expenses	-158.00M	-30.00M	86.10M	-584.90M	-103.50M	-96.30M
Income Before Tax	-271.60M	69.70M	240.30M	-534.50M	45.60M	65.50M
Income Before Tax Ratio	-12.25%	2.88%	8.70%	-23.85%	1.96%	2.83%
Income Tax Expense	-73.20M	13.00M	28.00M	12.10M	10.30M	-31.00M
Net Income	-198.40M	56.70M	212.30M	-546.60M	35.30M	96.50M
Net Income Ratio	-8.95%	2.35%	7.69%	-24.39%	1.52%	4.17%
EPS	-4.87	1.40	5.24	-1.35K	0.87	2.39
EPS Diluted	-4.87	1.40	5.24	-1.35K	0.87	2.39
Weighted Avg Shares Out	40.70M	40.56M	40.52M	406.17K	40.37M	40.37M
Weighted Avg Shares Out (Dil)	40.70M	40.56M	40.52M	406.17K	40.37M	40.37M

JOANN Focuses on Controllable Factors to Connect With Customers

December 4, 2023pymnts.com

During this quarter, JOANN opted to refine its retail approach to align better with customer demand. During the craft retailers' latest earnings call on Monday (Dec.

JoAnn's stock tumbles 12% after retailer's sales drop 4%, losses widen

December 4, 2023marketwatch.com

Shares of Joann Inc. fell more than 12% in the extended session Monday after the crafts retailer reported a wider fiscal third-quarter loss and sales that dropped 4%, failing to meet Wall Street's expectations.

JOANN Announces Third Quarter Fiscal 2024 Results And Increases Top-Line Full Year Outlook

December 4, 2023globenewswire.com

HUDSON, Ohio, Dec. 04, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation's category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its third quarter of...

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JOANN Schedules Third Quarter Fiscal 2024 Earnings Release and Conference Call

November 15, 2023globenewswire.com

HUDSON, Ohio, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the third...

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JOANN Releases Corporate Responsibility Impact Report, Highlighting Progress and Updated EVERGREEN Strategy

November 6, 2023globenewswire.com

HUDSON, Ohio, Nov. 06, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, has released a report outlining the company's Corporate Responsibility results...

Leading Organization and Lifestyle Brand Erin Condren Launches New Collection in JOANN Stores Nationwide

November 6, 2023businesswire.com

AUSTIN, Texas--(BUSINESS WIRE)--Leading lifestyle brand Erin Condren is thrilled to announce today the launch of their new collection, Inspired by Erin Condren, which will be appearing in over 800 JOANN stores across the nation and on Joann.com. This exciting collaboration...