Fabric retailer Jo-Ann Stores declares July sales results
05 Aug '05
2 min read
This revised guidance is based on same-store sales growth of 3 percent to 4 percent for the second half of the year, with stronger same-store sales anticipated in the third quarter. The Company also indicated that the second half earnings guidance includes the estimated impact of incremental store pre-opening and closing costs resulting from the increased number of expected store openings year-over-year, which the Company estimates will negatively impact second half estimated results by approximately $0.12 per share.
US based Jo-Ann Stores Inc the leading national fabric and craft retailer with locations in 47 states, operates 716 Jo-Ann Fabrics and Crafts traditional stores and 131 Jo-Ann superstores.
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