Jo-Ann Stores Inc reported that October net sales were $167.9 million versus $174.6 million in the same period last year. October same-store sales decreased 6.4 percent versus an increase of 3.4 percent in same-store sales last year.
For the third quarter ended October 28, 2006, net sales were $461.9 million versus $474.2 million in the prior year. Same-store sales for the third quarter decreased 5.4 percent versus a 0.7 percent same-store sales increase for the third quarter last year.
Year-to-date net sales were $1.25 billion versus $1.28 billion for the same period in the prior year. Year-to-date same-store sales decreased 5.8 percent versus a same-store sales increase of 0.3 percent in the same period a year ago.
Third Quarter Conference Call On November 20, 2006, the Company will announce earnings for its third quarter of fiscal 2007. In conjunction with the third quarter 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.