JOANN Q1 Adj. EPS $(0.93) Misses $(0.66) Estimate, Sales $478.10M Miss $480.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
JOANN reported Q1 adjusted EPS of $(0.93), missing the $(0.66) estimate, and sales of $478.10M, missing the $480.61M estimate. This represents a 322.73% increase in losses and a 4.00% decrease in sales compared to the same period last year.
June 05, 2023 | 8:16 pm
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NEGATIVE IMPACT
JOANN's Q1 adjusted EPS and sales missed estimates, with a 322.73% increase in losses and a 4.00% decrease in sales compared to last year.
JOANN's Q1 results missed analyst estimates, with a significant increase in losses and a decrease in sales compared to the same period last year. This negative performance is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100