JOANN Inc. reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was USD 453.8 million compared to USD 463.3 million a year ago. Net loss was USD 73.3 million compared to USD 56.9 million a year ago. Basic loss per share from continuing operations was USD 1.76 compared to USD 1.4 a year ago. Diluted loss per share from continuing operations was USD 1.76 compared to USD 1.4 a year ago.
For the six months, sales was USD 931.9 million compared to USD 961.3 million a year ago. Net loss was USD 127.5 million compared to USD 92 million a year ago. Basic loss per share from continuing operations was USD 3.07 compared to USD 2.26 a year ago. Diluted loss per share from continuing operations was USD 3.07 compared to USD 2.26 a year ago.