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Net sales up 5.1% at Jo-Ann Stores in Q3
08
Nov '10
Jo-Ann Stores, Inc. reported today that net sales for the third quarter ended October 30, 2010, increased 5.1% to $535.3 million compared to $509.1 million for the same period last year. Same-store sales increased 4.1% versus a same-store sales increase of 4.3% for the third quarter last year. Customer transactions increased 3.6% and average ticket increased 0.5%.

Large-format store net sales for the quarter increased 3.7% to $283.4 million compared to the same period last year. Same-store sales for large-format stores increased 2.5% compared with an increase of 2.3% in the third quarter last year. Small-format store net sales increased 6.7% to $242.3 million compared to the same period last year.

Same-store sales for small-format stores increased 6.0% compared with an increase of 6.7% in the third quarter last year. Internet sales through Joann.com increased 11.6% to $9.6 million compared to the same period last year.

Sewing same-store sales increased 3.3%. The company continued to experience strength in the majority of its fabric and sewing notions product categories. Non-sewing same-store sales increased 5.2% due to growth in both craft and seasonal.

Net sales for the nine-month period ended October 30, 2010 increased 4.8% to $1.455 billion versus $1.389 billion in the prior year. Same-store sales increased 4.2% for the nine-month period compared with a 2.5% increase for the same period last year.



Jo-Ann Stores, Inc.

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