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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.