On March 6, Jo-Ann Stores
- 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)
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