Similar companies
Income Statement (USD)
| Q4 '23 | QoQ | |
|---|---|---|
| Revenue | 511M | 19.8% |
| Gross Profit | -44M | 47.6% |
| Cost of Revenue | 555M | 8.7% |
| Operating expense | 285M | 1.2% |
| Net Income | -22M | 70.5% |
| EBITDA | 18M | 146.8% |
Balance Sheet (USD)
| Q4 '23 | QoQ | |
|---|---|---|
| Total Assets | 2.26B | 0.1% |
| Total Liabilities | 2.44B | 0.8% |
| Shares Outstanding | 42M | 1.2% |
Cash Flow (USD)
| Q4 '23 | QoQ | |
|---|---|---|
| Cash from operations | -69M | 41.4% |
| Cash from investing | 27M | 340.9% |
| Cash from financing | 51M | 12.9% |
EPS
Financial Highlights for Jo-Ann Stores in Q4 '23
Jo-Ann Stores reported a revenue of 511M, which is a 19.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -44M, marking a 47.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 555M, a 8.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 285M, showing a -1.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -22M, showing a 70.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 18M, showing a 146.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Jo-Ann Stores with growth in revenue, gross profit, and net income.
