Arts-and-crafts retailer Joann swings to a profit

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.

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JOANN Inc.

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