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Fabric retailer Jo-Ann same-store sales soar 3.5% for full-year
08
Feb '08
Jo-Ann Stores Inc reported that net sales for the fourth quarter ended February 2, 2008, decreased 2.5% to $585.9 million from $600.8 million in the prior year. Fiscal year 2007 included a 53rd week, which added $28.8 million to last year's net sales results.

On a comparable 13-week basis, fourth quarter same-store sales increased 3.3% versus a same-store sales decrease of 6.0% last year.

Net sales for fiscal 2008 increased 1.5% to $1.879 billion from $1.851 billion last year. On a comparable 52-week basis, same-store sales increased 3.5% versus a same-store sales decrease of 5.9% last year.

Year-end Conference Call:
The Company will report its fourth quarter and full-year fiscal 2008 results on March 12, 2008. In conjunction with the earnings release, investors are invited to listen to the earnings conference call to be broadcast live over the Internet at 4:30 PM Eastern time. The earnings release will provide instructions on how to access the call.

Jo-Ann Stores Inc

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Courtesy: Kornit Digital

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