Jo-Ann Stores Inc reported that net sales for the first quarter ended May 3, 2008, increased 5.2% to $446.1 million from $424.2 million in the prior year. Same-store sales increased 4.5% versus a same-store sales increase of 1.8% last year.
The company will report earnings for its first quarter of fiscal 2009 on May 28, 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, the leading national fabric and craft retailer with locations in 47 states, operates 199 large-format stores and 573 small-format stores.