JOANN Inc. operates as a specialty retailer of sewing, and arts and crafts category products in the United States. Its products in sewing category include cotton fabrics; warm fabrics, such as fleece and flannel fabrics; home decorating and utility fabrics and accessories; fashion and sportswear fabrics; special occasion fabrics; seasonally themed and licensed fabric designs; and sewing supplies comprising cutting implements, threads, zippers, trims, tapes, pins, elastic, and buttons, as well as patterns for sewing projects. The company's products in arts and crafts, home décor, and other category consist of yarn and yarn accessories, and needlecraft kits and supplies; paper crafting components; craft materials; fine art materials; sewing machines, craft technology, lighting, irons, organizers, and other products; artificial floral products; seasonal décor and entertaining products; home décor accessories; ready-made frames; related books and magazines; and non-merchandise products. JOANN Inc. offers products through retail stores, as well as online. As of April 1, 2021, it operated 855 retail stores in 49 states. The company was formerly known as Jo-Ann Stores Holdings Inc. and changed its name to JOANN Inc. in February 2021. JOANN Inc. was founded in 1943 and is based in Hudson, Ohio.
IPO Year: 2021
Exchange: NASDAQ
Website: joann.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/30/2023 | $1.50 → $1.00 | Market Perform | Telsey Advisory Group |
| 8/31/2022 | Neutral → Underperform | BofA Securities | |
| 6/29/2022 | $10.00 → $8.00 | Buy → Hold | Loop Capital |
| 6/3/2022 | $20.00 → $8.00 | Buy → Neutral | BofA Securities |
| 3/21/2022 | Buy → Neutral | Guggenheim | |
| 3/18/2022 | $12.00 → $11.00 | Overweight → Neutral | Piper Sandler |
| 12/6/2021 | $11.00 → $10.00 | Underweight | Barclays |
| 12/3/2021 | $10.00 | Overweight → Equal-Weight | Wells Fargo |
| 12/1/2021 | $14.00 → $11.00 | Market Perform | Telsey Advisory Group |
| 10/1/2021 | $11.00 | Equal-Weight → Underweight | Barclays |
BROOMFIELD, Colo. , Feb. 1, 2024 /PRNewswire/ -- Crocs, Inc. (NASDAQ:CROX), a global leader in innovative casual footwear for all, today announced that Michelle Poole, 55, EVP & President of the Crocs Brand, has decided to retire. To ensure a seamless transition, she will remain in her current role through early May and will serve in an advisory capacity until early 2025. In keeping with Crocs, Inc. succession planning, current EVP & Chief Financial Officer Anne Mehlman will be promoted to EVP & President of the Crocs Brand. Until her replacement is named, Ms. Mehlman will continue to serve as Chief Financial Officer of the company. Crocs, Inc. has launched a comprehensive search for a new C
HUDSON, Ohio, Jan. 16, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, is proud to announce a new partnership with non-profit organization Loose Ends Project ("Loose Ends"). Loose Ends aims to ease grief, create community, and inspire generosity by matching volunteer handwork finishers with projects people have left unfinished due to death or disability. JOANN and Loose Ends will kick off their partnership, offering exclusive discounts for Project Finishers, in-kind product donations and all JOANN locations nationwide will serve as designated meet up spots for loved ones and
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HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. ("JOANN" or the "Company"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company's Prepackaged Joint Plan of Reorganization. JOANN expects to successfully complete its financial restructuring and emerge from the court-supervised process in the coming days. As reiterated throughout this expedited process, the Company's more than 800 store locations remain open and JOANN.com continues to offer supplies for any creative need, and the Company was able to preserve the jobs of its more t
Stores and JOANN.com Remain Open; Company Continues to Operate as Usual Vendors, Landlords and Other General Unsecured Creditors Are Unimpaired Company Expects to Reduce Approximately $505 Million in Funded Debt Implementing Prepackaged Financial Recapitalization Plan on Expedited Basis HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN" or the "Company"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has entered into a Transaction Support Agreement ("TSA" or "Agreement") with a majority of its financial stakeholders and additional industry financing parties to strengt
BROOMFIELD, Colo. , Feb. 1, 2024 /PRNewswire/ -- Crocs, Inc. (NASDAQ:CROX), a global leader in innovative casual footwear for all, today announced that Michelle Poole, 55, EVP & President of the Crocs Brand, has decided to retire. To ensure a seamless transition, she will remain in her current role through early May and will serve in an advisory capacity until early 2025. In keeping with Crocs, Inc. succession planning, current EVP & Chief Financial Officer Anne Mehlman will be promoted to EVP & President of the Crocs Brand. Until her replacement is named, Ms. Mehlman will continue to serve as Chief Financial Officer of the company. Crocs, Inc. has launched a comprehensive search for a new C
HUDSON, Ohio, Jan. 16, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, is proud to announce a new partnership with non-profit organization Loose Ends Project ("Loose Ends"). Loose Ends aims to ease grief, create community, and inspire generosity by matching volunteer handwork finishers with projects people have left unfinished due to death or disability. JOANN and Loose Ends will kick off their partnership, offering exclusive discounts for Project Finishers, in-kind product donations and all JOANN locations nationwide will serve as designated meet up spots for loved ones and
HUDSON, Ohio, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the third quarter Fiscal 2024 after the market closes on Monday, December 4, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online r
Net sales totaled $453.8 million continuing the trend of year-over-year sequential improvement in comparable salesGross profit of $232.0 million increased 8.0% compared to the second quarter of last year51.1% gross margin, a 470-basis point year-over-year improvementLine of sight to over deliver $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative HUDSON, Ohio, Aug. 28, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its second quarter of fiscal year 2024 which ended July 29, 2023. Chris DiTull
HUDSON, Ohio, Aug. 14, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the second quarter Fiscal 2024 after the market closes on Monday, August 28, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online r
Cash used for operations improved $88.4 million and free cash flow increased $89 million year over year Net sales totaled $478.1 million52.1% gross margin on a GAAP basis, a 380-basis point year-over-year improvementIdentified $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative HUDSON, Ohio, June 05, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its first quarter of fiscal year 2024 which ended April 29, 2023. Chris DiTullio, JOANN's Chief Customer Officer and co-lead of the Interim Office o
HUDSON, Ohio, May 22, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the first quarter Fiscal 2024 after the market closes on Monday, June 5, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to join the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online replay will foll
HUDSON, Ohio, May 09, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced the retirement of Wade Miquelon as President and Chief Executive Officer effective May 8, 2023. Chris DiTullio, Executive Vice President and Chief Customer Officer, and Scott Sekella, Executive Vice President and Chief Financial Officer, have been appointed to lead the interim Office of the Chief Executive Officer, and the Board has commenced a search to identify a permanent replacement. "On behalf of the Board, I'd like to thank Wade for leading JOANN through its initial public offering and the
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Telsey Advisory Group reiterated coverage of JOANN Inc. with a rating of Market Perform and set a new price target of $1.00 from $1.50 previously
BofA Securities downgraded JOANN Inc. from Neutral to Underperform
Loop Capital downgraded JOANN Inc. from Buy to Hold and set a new price target of $8.00 from $10.00 previously
BofA Securities downgraded JOANN Inc. from Buy to Neutral and set a new price target of $8.00 from $20.00 previously
Guggenheim downgraded JOANN Inc. from Buy to Neutral
Piper Sandler downgraded JOANN Inc. from Overweight to Neutral and set a new price target of $11.00 from $12.00 previously
Barclays reiterated coverage of JOANN with a rating of Underweight and set a new price target of $10.00 from $11.00 previously
Wells Fargo downgraded JOANN from Overweight to Equal-Weight and set a new price target of $10.00
Telsey Advisory Group reiterated coverage of JOANN with a rating of Market Perform and set a new price target of $11.00 from $14.00 previously
Barclays downgraded JOANN from Equal-Weight to Underweight and set a new price target of $11.00
HUDSON, Ohio, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the third quarter Fiscal 2024 after the market closes on Monday, December 4, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online r
Net sales totaled $453.8 million continuing the trend of year-over-year sequential improvement in comparable salesGross profit of $232.0 million increased 8.0% compared to the second quarter of last year51.1% gross margin, a 470-basis point year-over-year improvementLine of sight to over deliver $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative HUDSON, Ohio, Aug. 28, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its second quarter of fiscal year 2024 which ended July 29, 2023. Chris DiTull
HUDSON, Ohio, Aug. 14, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the second quarter Fiscal 2024 after the market closes on Monday, August 28, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online r
Cash used for operations improved $88.4 million and free cash flow increased $89 million year over year Net sales totaled $478.1 million52.1% gross margin on a GAAP basis, a 380-basis point year-over-year improvementIdentified $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative HUDSON, Ohio, June 05, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its first quarter of fiscal year 2024 which ended April 29, 2023. Chris DiTullio, JOANN's Chief Customer Officer and co-lead of the Interim Office o
HUDSON, Ohio, May 22, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the first quarter Fiscal 2024 after the market closes on Monday, June 5, 2023. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to join the JOANN call. The live broadcast of JOANN's conference call will be available online at investors.joann.com. The online replay will foll
HUDSON, Ohio, March 13, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced today that its subsidiary Jo-Ann Stores, LLC entered into a $100 million first-in last-out facility (the "FILO Facility") that will provide the company additional liquidity, help optimize the balance sheet, and drive free cash flow across the enterprise. The FILO Facility is an incremental facility to JOANN's existing $500 million asset based revolving loan facility (the "ABL"). On March 10, 2023, JOANN borrowed the full $100 million available under the FILO Facility. The proceeds from the FILO
HUDSON, Ohio, Dec. 06, 2022 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today announced plans to release its earnings for the third quarter Fiscal 2023 after the market closes on Monday, December 12, 2022. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (844) 481-2750 and international dial in number is: 1 (412) 317-0666. Participants should ask to be joined into the JOANN call. The live broadcast of JOANN's conference call will be available online at the Company's websi
HUDSON, Ohio, Aug. 19, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of JOANN (NASDAQ:JOAN) has declared a quarterly dividend of 11 cents per common share. The dividend is payable on September 23, 2022 to shareholders of record at the close of business on September 9, 2022. The Company also announced plans to release its earnings for the second quarter Fiscal 2023 after the market closes on Thursday, September 1, 2022. JOANN will host a conference call on the same day at 5:00 p.m. ET. To participate via telephone, please register in advance through this link. Registered telephone participants will receive a confirmation email with dial-in details for the conference call. The live broad
HUDSON, Ohio, May 20, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of JOANN (NASDAQ:JOAN) has declared a quarterly dividend of 11 cents per common share. The dividend is payable on June 24, 2022 to shareholders of record at the close of business on June 10, 2022. The Company also announced plans to release its earnings for the first quarter Fiscal 2023 after the market closes on Thursday, June 2, 2022. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (833) 398-1023 and the passcode is: 3551339. The international dial in number is: 1 (914) 987-7721 and the passcode is: 3551339. The live broadca
HUDSON, Ohio, March 03, 2022 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ:JOAN) ("JOANN"), the nation's category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today announced plans to release its earnings for the fourth quarter of 2021 after the market closes on Thursday, March 17, 2022. JOANN will host a conference call on the same day at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is: 1 (833) 398-1023 and the passcode is: 3449457. The international dial in number is: 1 (914) 987-7721 and the passcode is: 3449457. The live broadcast of JOANN's conference call will be available online at the Company's website,
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