Recap: JOANN Q1 Earnings

JOANN JOAN reported its Q1 earnings results on Monday, June 5, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

JOANN missed estimated earnings by 40.91%, reporting an EPS of $-0.93 versus an estimate of $-0.66.

Revenue was down $19.90 million from the same period last year.

Last quarter the company missed on EPS by $0.63 which was followed by a 13.27% drop in the share price the next day.

Here's a look at JOANN's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.70	0.23	-0.60	0.10
EPS Actual	0.07	0.06	-0.75	-0.22
Revenue Estimate	681.39M	571.75M	451.62M	518.40M
Revenue Actual	692.80M	562.80M	463.30M	498.00M

To track all earnings releases for JOANN visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.