Jo-Ann Stores Inc reported that September net sales decreased 1.1 percent to $174.1 million versus $176.1 million in the same period last year.
September same-store sales decreased 3.6 percent compared to a same-store sales increase of 0.2 percent last year.
For the first nine weeks of the third quarter, net sales decreased 1.9 percent to $294.0 million from $299.6 million in the same period last year.
Same-store sales during that nine-week period declined 4.7 percent compared to a same-store sales decrease of 0.9 percent during the same nine-week period last year.
Year-to-date net sales decreased 2.0 percent to $1.082 billion from $1.104 billion in the prior year.
Same-store sales decreased 5.7 percent year-to-date versus a 0.2 percent same-store sales decrease for the same period last year.
The Company will announce earnings for its third quarter of fiscal 2007 on November 20, 2006.
In conjunction with the third quarter earnings release, investors are invited to listen to the earnings conference call to be broadcast live over the Internet at 4:30 PM Eastern Time.
marketing@alchempro.com
