Home / Knowledge / News / Textiles / Fabric retailer Jo-Ann Stores declares July sales results

Fabric retailer Jo-Ann Stores declares July sales results

Aug '05
Hudson based fabric retailer Jo-Ann Stores Inc reported July net sales were $117.4 million versus $114.1 million in the same period last year. July same-store sales decreased 1.5 percent versus a 0.2 percent same-store sales decrease last year.

For the second quarter ended July 30, 2005, net sales increased 3.5 percent to $383.8 million from $371.0 million in the prior year. Same-store sales for the second quarter decreased 0.5 percent versus a 3.1 percent same-store sales increase for the second quarter last year.

Net sales for the six-month period ended July 30, 2005 were $804.5 million versus $775.9 million in the same period in the prior year. Year-to-date same-store sales grew 0.1 percent, compared to a same-store sales increase of 4.9 percent in the same period a year ago.

Based on preliminary results for the second quarter ended July 30, 2005, the Company now expects a loss in the range of $0.22 to $0.24 per share, versus previous guidance of a loss of $0.10 to $0.15 per share. The Company will report actual second quarter results on August 15, 2005. The Company attributed the change in its second quarter earnings guidance to softer than anticipated sales, particularly in the month of July.

Fiscal 2006 Second-Half Outlook

The Company lowered its full-year fiscal 2006 earnings guidance to a range of $1.65 to $1.75 per diluted share. This revision in full-year earnings guidance is attributable to reduced earnings guidancefor the second quarter as well as a revision to expectations for the second half of the year. Earnings for the second half are estimated to be in the range of $1.70 to $1.80 per diluted share versus a $1.70 per diluted share for the comparable period of the prior year.

Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Japan aims to expand CPTPP trade pact

Japanese Prime Minister Yoshihide Suga recently said his country...

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Bangladesh gets $256.5 mn from Green Climate Fund

Bangladesh recently received $256.5 million from the UN Green Climate ...

Pic: Mulberry

Apparel/Garments | On 23rd Nov 2020

Frasers raises Mulberry stake to 37%, considers offer

The Frasers Group, formerly called Sports Direct, recently announced...

Interviews View All

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Justin Gutierrez, INDA

Justin Gutierrez

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search