Jo-Ann Stores, Inc. (JAS) reported net income for the third quarter of $24.1million or $0.90 per share, compared to $10.2 million or $0.40 per share in the year-ago quarter.
Non-GAAP pro forma net income for the quarter rose to $24.0 million or $0.90 per share from $8.9 million or $0.35 per share in the same quarter last year.
Net sales for the third quarter increased 6.0% to $509.1 million from $480.1 million for the same period last year.
Same-store sales increased 4.3% compared with a 1.5% same-store sales decrease for the third quarter last year.
On average, analysts polled by Thomson Reuters expected the company to earn $0.89 per share, on revenues of $509.10 million for the quarter. Analysts estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.