|Bid||6.49 x 1000|
|Ask||7.15 x 1200|
|Day's Range||6.53 - 6.86|
|52 Week Range||6.23 - 13.55|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||3.31|
|Forward Dividend & Yield||0.44 (4.93%)|
|Ex-Dividend Date||Jun 09, 2022|
|1y Target Est||N/A|
Telsey Advisory Group analyst Christina Fernandez maintained a Market Perform rating on the shares of Joann Inc (NASDAQ: JOAN) with a price target of $8.00. Joann's Q2 adjusted EPS loss missed Street estimates with a 6.2% decline in comparable store sales. The analyst said the company saw sequential improvement in its comparable sales as the quarter progressed. However, Fernandez felt the supply chain costs remain elevated and are expected to weigh on the gross margin for at least another quarte
A reconciliation between GAAP and non-GAAP financial measures can be found in the company's earnings press release, which was filed today with the SEC and posted on the Investor Relations section of JOANN's website at investors.joann.com. On the call today from JOANN are Wade Miquelon, president and chief executive officer; and Tom Dryer, controller and interim chief financial officer.
JOANN Inc. (JOAN) delivered earnings and revenue surprises of -15.38% and 2.17%, respectively, for the quarter ended July 2022. Do the numbers hold clues to what lies ahead for the stock?