JOAN · Joann Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 |
|---|---|---|
| Revenue | $2.22B | $2.24B |
| Cost of Revenue | $1.18B | $1.14B |
| Gross Profit | $1.04B | $1.11B |
| R&D | - | - |
| SG&A | $1.07B | $977.40M |
| Total Operating Expenses | - | - |
| D&A | $80.40M | $77.50M |
| Operating Income | ($208.60M) | ($436.40M) |
| Interest Expense | $64.00M | $101.90M |
| Income Tax | ($73.20M) | $12.10M |
| Net Income | ($200.60M) | $56.70M |
| EPS - Basic | ($4.93) | ($15.67) |
| EPS - Diluted | ($4.93) | ($15.67) |
Balance Sheet
| Line item | FY 2023 | FY 2022 |
|---|---|---|
| Cash & Equivalents | $20.20M | $22.50M |
| Accounts Receivable | - | - |
| Inventory | $584.10M | $658.60M |
| Accounts Payable | $197.50M | $253.80M |
| Current Assets | $642.90M | $720.30M |
| Total Assets | $2.18B | $2.36B |
| Current Liabilities | $501.00M | $576.80M |
| Long-term Debt | $976.00M | $778.60M |
| Total Liabilities | - | - |
| Stockholders' Equity | ($49.10M) | $373.20M |
| Retained Earnings | ($239.20M) | ($24.90M) |
Cash Flow
| Line item | FY 2023 | FY 2022 |
|---|---|---|
| Operating Cash Flow | ($75.20M) | ($33.90M) |
| Investing Cash Flow | ($101.20M) | ($79.50M) |
| Financing Cash Flow | $174.10M | $86.30M |
| CapEx | $96.90M | $78.60M |
| Free Cash Flow | ($172.10M) | ($112.50M) |
Ratios
| Metric | FY 2023 | FY 2022 |
|---|---|---|
| Profitability | ||
| Gross margin | 46.9% | 49.3% |
| Operating margin | -9.4% | -19.5% |
| EBITDA margin | -5.8% | -16.0% |
| Net margin | -9.0% | 2.5% |
| Free cash flow margin | -7.8% | -5.0% |
| FCF / Net income | 0.86 | -1.98 |
| R&D / Revenue | - | - |
| SG&A / Revenue | 48.4% | 43.6% |
| Effective tax rate | - | 17.6% |
| Return on assets | -9.2% | 2.4% |
| Return on equity | 408.6% | 15.2% |
| Return on invested capital | -17.8% | -31.2% |
| Liquidity | ||
| Current ratio | 1.28 | 1.25 |
| Quick ratio | 0.12 | 0.11 |
| Cash ratio | 0.04 | 0.04 |
| Leverage | ||
| Debt / Equity | -19.88 | 2.09 |
| Debt / Assets | 0.45 | 0.33 |
| Debt / EBITDA | - | - |
| Interest coverage | -3.3x | -4.3x |
| Equity multiplier | -44.42 | 6.33 |
| Liabilities / Assets | - | - |
| Efficiency | ||
| Asset turnover | 1.02 | 0.95 |
| Inventory turnover | 2.01 | 1.72 |
| Days sales outstanding | - | - |
| Days inventory outstanding | 181d | 212d |
| Days payable outstanding | 61d | 82d |
| Cash conversion cycle | - | - |
| Valuation | ||
| P / E | - | - |
| P / B | - | - |
| P / S | - | - |
| EV / EBITDA | - | - |
| Growth | ||
| Revenue growth (YoY) | -1.1% | - |
| Revenue CAGR (3y) | - | - |
| Revenue CAGR (5y) | - | - |
| Gross profit growth (YoY) | -5.9% | - |
| Operating income growth (YoY) | 52.2% | - |
| Net income growth (YoY) | - | - |
| EPS growth (YoY) | 68.5% | - |
| EPS CAGR (3y) | - | - |
| EPS CAGR (5y) | - | - |
| FCF growth (YoY) | -53.0% | - |
| FCF CAGR (5y) | - | - |
| Book value growth (YoY) | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-01-29.
Product / service
$2.42B totalArts And Crafts And Home Decor$1.35B · 55.7%
Sewing$1.04B · 42.9%
Other$35.20M · 1.5%
Stability scores
Piotroski F-score
FY 2023 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Miscellaneous Shopping Goods Stores
Comparing JOANN Inc. against the 5 most active filers in the same SIC group.