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Jo-Ann's Full-Year Flop: Fool by Numbers

On March 6, Jo-Ann Stores (NYSE: JAS  ) released FY 2006 earnings for the period ended Jan. 28, 2006.
  • Sales of $1.9 billion beat estimates. They represent 3.9% growth over the prior-year quarter. For the year, same-store sales decreased 0.8%.
  • Margins dropped across the board on lower selling prices and higher fixed costs for Jo-Ann's new store format.
  • The loss included the effect of a $1.19-per-share charge for goodwill impairment.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

FY 2006

FY 2005

% Change






Net Profit










Get back to basics with a look at the income statement.

Margin Checkup

FY 2006

FY 2005


Gross Margin




Op. Margin




Net Margin




Margins are the earnings engine. See how they work.

Balance Sheet Highlights


Q4 2006

Q4 2005

% Change

Cash+ ST Invest.








Other Cur Assts.





Q4 2006

Q4 2005

% Change

Long-Term Debt




Accounts Pay.




Cash Flow Highlights

Data not provided. (Wicked lame.)

Find out why Fools always follow the money.

Related Companies:

  • Michaels Stores (NYSE: MIK  )
  • Wal-Mart (NYSE: WMT  )
  • Target (NYSE: TGT  )
  • AC Moore (Nasdaq: ACMR  )
  • Hancock Fabrics (NYSE: HKF  )

Turnaround possibilities like Jo-Ann Stores are always on the "hmmm" list atMotley Fool Inside Value. Take a look at companies that have already made the cut with a free guest pass.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so checkFool.comfor more of our in-depth discussion of what the numbers mean.

At the time of publication, Seth Jayson had no positions in any company mentioned here. Fool rules are here.

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