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April 1, 2021, 8:31 a.m. EDT

Arts-and-crafts retailer Joann swings to a profit

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By Tonya Garcia

JOAN

Arts-and-crafts retailer Joann Inc. /zigman2/quotes/225253587/composite JOAN +3.88% shares rose 5% after announcing fourth-quarter results that swung to a profit. This was the first earnings announcement for the company after going public on March 12. Net income totaled $38.3 million, or $1.05 per share, after a loss of $358.1 million, or $10.26 per share, last year. Sales of $840.8 million were up from $695.6 million last year. Comparable sales grew 21%. FactSet does not yet have consensus numbers for the company. Joann stock closed Wednesday up 2.2% to $10.15. The initial public offering price was $12.

/zigman2/quotes/225253587/composite
US : U.S.: Nasdaq
$ 8.31
+0.31 +3.88%
Volume: 367,740
May 27, 2022 4:00p
P/E Ratio
6.08
Dividend Yield
5.29%
Market Cap
$337.34 million
Rev. per Employee
N/A
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