JOANN (NASDAQ:JOAN) reported its Q1 earnings results on Monday, June 5, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
JOANN missed estimated earnings by 40.91%, reporting an EPS of $-0.93 versus an estimate of $-0.66.
Revenue was down $19.90 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.63 which was followed by a 13.27% drop in the share price the next day.
Here’s a look at JOANN’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.70 | 0.23 | -0.60 | 0.10 |
| EPS Actual | 0.07 | 0.06 | -0.75 | -0.22 |
| Revenue Estimate | 681.39M | 571.75M | 451.62M | 518.40M |
| Revenue Actual | 692.80M | 562.80M | 463.30M | 498.00M |
To track all earnings releases for JOANN visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
