OverviewSuggest Edit

Jo-Ann Stores (also known as JOANN Fabric & Craft) is a company that distributes sewing, arts, and crafts devices. It offers products for apparel, craft, and home décor sewing and quilting, as well as a range of components, tools, and kits. Its stores provide various merchandise used in sewing, crafting, and home decorating projects, including fabric, notions, crafts, frames, paper crafting supplies, artificial floral, finished seasonal, and home decor items, as well as baking products, yarns, needles, scrapbooks, etc. The company also serves its clients through an omnichannel platform.

TypePublic
Founded1943
HQHudson, OH, US
Websitejoann.com
Employee Ratings3.1
Overall CultureC-

Latest Updates

Employees (est.) (Oct 2020)27,700
Job Openings1,817
Revenue (FY, 2020)$2.2 B(-3%)
Share Price (Jul 2021)$15.6
Cybersecurity ratingBMore

Key People/Management at JOANN

Ann Aber

Ann Aber

Senior Vice President, General Counsel & Secretary
Michael Joyce

Michael Joyce

Senior Vice President, Planning, Replenishment & Supply Chain Optimization
Robert Will

Robert Will

Senior Vice President, Chief Merchandising Officer
Wade Miquelon

Wade Miquelon

President, Chief Executive Officer and Director
Matt Susz

Matt Susz

Senior Vice President, Chief Financial Officer
Varadheesh Chennakrishnan

Varadheesh Chennakrishnan

Senior Vice President, Chief Information Officer
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JOANN Office Locations

JOANN has an office in Hudson
Hudson, OH, US (HQ)
5555 Darrow Rd
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JOANN Financials and Metrics

JOANN Revenue

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JOANN's revenue was reported to be $2.24 b in FY, 2020 which is a 3.6% decrease from the previous period.
USD

Revenue (Q1, 2022)

574.4m

Gross profit (Q1, 2022)

302.7m

Gross profit margin (Q1, 2022), %

52.7%

Net income (Q1, 2022)

15.1m

EBIT (Q1, 2022)

32.4m

Market capitalization (29-Jul-2021)

658.1m

Closing stock price (29-Jul-2021)

15.6

Cash (1-May-2021)

22.7m

EV

2.3b
JOANN's current market capitalization is $658.1 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.3b2.3b2.2b

Revenue growth, %

0%(4%)

Cost of goods sold

1.1b1.1b1.1b

Gross profit

1.2b1.2b1.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

517.0m490.0m591.6m515.4m461.1m569.1m499.4m708.0m714.1m574.4m

Cost of goods sold

271.7m

Gross profit

269.9m253.0m301.4m266.7m226.4m283.9m245.8m351.4m374.5m302.7m

Gross profit Margin, %

52%52%51%52%49%50%49%50%52%53%
Annual
USDFY, 2019FY, 2020

Cash

51.5m24.4m

Prepaid Expenses

42.7m45.7m

Inventories

615.8m649.7m

Current Assets

710.0m719.8m
Quarterly
USDQ3, 2020Q3, 2021Q1, 2022

Cash

26.8m33.2m22.7m

Prepaid Expenses

74.0m68.7m

Inventories

776.9m697.7m539.3m

Current Assets

877.7m799.6m628.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

96.5m35.3m(546.6m)

Depreciation and Amortization

78.8m76.0m77.5m

Inventories

(16.6m)(39.1m)(33.9m)

Accounts Payable

36.2m47.6m2.2m
Quarterly
USDQ3, 2020Q3, 2021Q1, 2022

Net Income

(188.5m)174.0m15.1m

Depreciation and Amortization

57.3m59.8m22.1m

Inventories

(161.1m)(48.0m)16.6m

Accounts Payable

55.1m101.8m
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JOANN Operating Metrics

JOANN's Customers was reported to be 69 m in Q3, 2021.
FY, 2018FY, 2019FY, 2020Q3, 2021Mar, 2021

App Downloads

11.8 m

Customers

69 m

Retail Locations (United States)

865869867857

Suppliers

680
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JOANN Acquisitions / Subsidiaries

Company NameDateDeal Size
Creativebug LLCApril 11, 2017
IdeaForestNovember 05, 2007
Ditto Products, LLC
JAS Aviation, LLC
Joann.com, LLC
Jo-Ann Stores, LLC
Jo-Ann Stores Support Center, Inc.
Jo-Ann Trading (Shanghai) Co., Ltd.
Needle Holdings LLC

JOANN Revenue Breakdown

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JOANN revenue breakdown by business segment: 46.6% from Sewing, 51.6% from Arts and Crafts and Home Decor and 1.8% from Other

JOANN Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

JOANN Online and Social Media Presence

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JOANN Company Culture

  • Overall Culture

    C-

    69/100

  • CEO Rating

    C+

    72/100

  • Compensation

    D

    55/100

Learn more on Comparably

JOANN News and Updates

JOANN Completes Refinancing of First Lien Term Loan

HUDSON, Ohio, July 08, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, announced that it has successfully completed the refinancing of its existing covenant-lite first l…

JOANN set to join Russell 2000® Index

HUDSON, Ohio, June 28, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, announced that it has formally joined the Russell 2000® Index at the conclusion of the 2021 Russel…

Joann Announces First Quarter Fiscal Year 2022 Results

HUDSON, Ohio, June 03, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today reported results for its first fiscal quarter ending May 1, 2021. 

JOANN to Participate in the Piper Sandler 41st Annual Consumer Marketplace Conference

HUDSON, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today announced it will be participating in Piper Sandler’s 41st Annual Consumer Marketplace Confer…

JOANN Inc. Announces Dividend in First Quarter Return to Public Market

HUDSON, Ohio, May 21, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of JOANN (NASDAQ: JOAN) has declared a quarterly dividend of 10 cents per common share. 

JOANN Sets Date for First Quarter 2021 Earnings Release and Conference Call

HUDSON, Ohio, May 20, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and one of the fastest growing competitors in the arts and crafts category, today announced plans to release its earnings for the first quarter of 2021 after the market closes…
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JOANN Blogs

JOANN Launches Masks for Schools Program as Efforts Reach 200 Million Mask Milestone

Dateline City: HUDSON, Ohio National retailer to promote “Buy one, Give one” offer on all pre-made masks in stores, getting masks to underserved schools most at risk HUDSON, Oh…

JOANN Mobilizes Crafters Across the Nation to Help Protect Health Care Workers

Dateline City: HUDSON, Ohio HUDSON, Ohio--(BUSINESS WIRE)--As hospitals and health care facilities run dangerously low on critical supplies, America’s crafting and sewing communities are jumping in to help. Groups across the nation have…

JOANN Updates Leadership Organization to Advance Business

Dateline City: Hudson, OH [Hudson, OH] – As it evolves its business and brand, JOANN is leaning into its leadership and has reorganized structure to support strategic initiatives and customer focus. Most recently, the following changes…

JOANN Rounds Out Leadership Team with New Supply Chain Role

Dateline City: Hudson, OH PRESS RELEASE: JOANN Rounds Out Leadership Team with New Supply Chain Role Language: English read more

JOANN Launches Exclusive 3D Printers, Enhances Shopping Experience to Encourage Handmade Holidays for All

Dateline City: HUDSON, Ohio  Retail craft leader unveils exclusive tech innovations available for the first time in the U.S., along with refreshed stores, new omni-channel shopping options and mor…

JOANN Partners With GoldieBlox to Deliver STEM-Inspired Kids’ Crafts Directly to Customers’ Doors

Dateline City: HUDSON, Ohio & LOS ANGELES Retail Craft Leader Introduces First-Ever GoldieBlox Box Subscription Service to Inspire Learning & Creation HUDSON, Ohio &amp…
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JOANN Frequently Asked Questions

  • When was JOANN founded?

    JOANN was founded in 1943.

  • Who are JOANN key executives?

    JOANN's key executives are Ann Aber, Michael Joyce and Robert Will.

  • How many employees does JOANN have?

    JOANN has 27,700 employees.

  • What is JOANN revenue?

    Latest JOANN annual revenue is $2.2 b.

  • What is JOANN revenue per employee?

    Latest JOANN revenue per employee is $80.9 k.

  • Who are JOANN competitors?

    Competitors of JOANN include Michaels, Hobby Lobby and Comptoir de Famille.

  • Where is JOANN headquarters?

    JOANN headquarters is located at 5555 Darrow Rd, Hudson.

  • Where are JOANN offices?

    JOANN has an office in Hudson.

  • How many offices does JOANN have?

    JOANN has 1 office.