0000950170-23-044776.txt : 20230828 0000950170-23-044776.hdr.sgml : 20230828 20230828162109 ACCESSION NUMBER: 0000950170-23-044776 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20230828 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230828 DATE AS OF CHANGE: 20230828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JOANN Inc. CENTRAL INDEX KEY: 0001834585 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 461095540 STATE OF INCORPORATION: DE FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40204 FILM NUMBER: 231215886 BUSINESS ADDRESS: STREET 1: 5555 DARROW ROAD CITY: HUDSON STATE: OH ZIP: 44236 BUSINESS PHONE: (330) 656-2600 MAIL ADDRESS: STREET 1: 5555 DARROW ROAD CITY: HUDSON STATE: OH ZIP: 44236 FORMER COMPANY: FORMER CONFORMED NAME: Jo-Ann Stores Holdings Inc. DATE OF NAME CHANGE: 20201202 8-K 1 joan-20230828.htm 8-K 8-K
false000183458500018345852023-08-282023-08-28

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 28, 2023

JOANN Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

001-40204

46-1095540

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5555 Darrow Road

Hudson, Ohio 44236

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (330) 656-2600

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

 

 

 

 

Title of Each Class

Trading

Symbol

Name of Each Exchange

on which Registered

Common stock, par value $0.01 per share

JOAN

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 


 

Item 2.02 Results of Operations and Financial Condition.

 

On August 28, 2023, JOANN Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended July 29, 2023. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information furnished pursuant to Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. Furthermore, the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit
Number

Description

99.1

Press release issued by JOANN Inc., dated August 28, 2023

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

JOANN INC.

 

 

 

 

Dated: August 28, 2023

 

By:

/s/ Scott Sekella

 

 

Name:

Scott Sekella

 

 

Title:

Executive Vice President, Chief Financial Officer and Member, Interim Office of the Chief Executive Officer

 

 

 

 

 


EX-99.1 2 joan-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

JOANN ANNOUNCES SECOND QUARTER FISCAL 2024 RESULTS AND UPDATES FULL YEAR OUTLOOK

 

Net sales totaled $453.8 million continuing the trend of year-over-year sequential improvement in comparable sales
Gross profit of $232.0 million increased 8.0% compared to the second quarter of last year.
51.1% gross margin, a 470-basis point year-over-year improvement
Line of sight to over deliver $200 million in targeted annual cost reductions under Focus, Simplify and Grow initiative
 

HUDSON, OH (August 28, 2023) — JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in fabric and sewing with one of the largest assortments of arts and crafts products, today reported results for its second quarter of fiscal year 2024 which ended July 29, 2023.

Chris DiTullio, JOANN’s Chief Customer Officer and co-lead of the Interim Office of the CEO commented, “We are pleased with our second quarter performance which was driven by leveraging our read and react stance and our expanded use of advanced data analytics. We capitalized on several opportunities that are unique to JOANN such as the expansion and early delivery of our Halloween offering and our ‘Make Room’ campaign which is our curated collection of many of the products students need to decorate their dorm room or apartment as they return to college. We remain focused on a strategy to win in our core textile and craft related categories.”

DiTullio added, “Second quarter sales built month over month with July being the strongest topline month in over two years giving us momentum as we exit the quarter. This performance was driven by our ability to respond quickly and action opportunities or challenges as they evolve. As we navigate the dynamic consumer environment, we will continue to leverage this data-driven read and react strategy and we believe this approach leaves us in position to deliver on our full-year outlook.”

“In addition to stabilizing our topline, we remain focused on operating as efficiently as possible.” said Scott Sekella, JOANN’s Chief Financial Officer and co-lead of the Interim Office of the CEO. “With another quarter of execution of our Focus, Simplify and Grow initiative, we continue to drive operational excellence with our cost cutting initiatives leading to an over delivery on the targeted $200 million of annual cost reductions. These cost reductions are a key factor in our significant year over year free cash flow improvement and are expected to drive additional EBITDA performance in fiscal year 2025.”

“While we are pleased with our second quarter performance, we remain cautious as we navigate uncertainty in the broader marketplace,” Sekella continued. “Based on the continued implementation of our strategic priorities combined with our second quarter performance, we are updating our fiscal year 2024 outlook with more precise estimates of topline performance and capital expenditures and believe we have a clear line of sight to deliver on our full year outlook.”

 

Second Quarter Highlights:

 

Net sales declined by 2.1% compared to the same period last year to $453.8 million with total comparable sales decreasing 2.0%. E-Commerce sales increased at a rate of 3.0% compared to last year and accounted for 12.1% of revenue in the second quarter, a 60-basis point increase in the penetration rate over last year.
Gross profit of $232.0 million on a GAAP basis increased 8.0% compared to the second quarter of last year.
Gross margin was 51.1% on a GAAP basis, an increase of 470 basis points compared to the second quarter of last year.
Selling, general and administrative expenses increased by 4.4% from the same quarter last year.
Net loss of $73.3 million compared to net loss of $56.9 million in the same quarter last year.
Loss in Adjusted EBITDA of $21.9 million compared to a loss of $8.9 million in the same quarter last year.
Cash used for operations increased $4.6 million and free cash flow increased $15.9 million compared to the second quarter of last year.
Diluted loss per share was $1.76 compared to a loss of $1.40 in the same quarter last year.
Adjusted diluted loss per share was $1.44 compared to a loss of $0.75 in the same quarter last year.

 

Balance Sheet Highlights:

 

Long-term debt, net was $1,094.7 million as of July 29, 2023, with cash and cash equivalents of $19.1 million.
Strategic inventory receipt reductions and lower ocean freight costs resulted in total inventory down 14.4% compared to the second quarter last year.

 

 


 

Full Year Fiscal 2024 Outlook:

 

Metric*

Full Year FY24 Outlook

Net Sales

Down 1% to 3% inclusive of a 53rd week worth approximately 2%

Adjusted EBITDA

Between $85 million and $95 million

Capital Expenditures, Net of Landlord Contributions

Between $35 million and $40 million

Free Cash Flow

Year over year improvement between $150 million and $170 million

*The inability to predict the amount and timing of items that impact comparability makes a detailed reconciliation of forward-looking non-GAAP financial measures impracticable. Please see “Non-GAAP Financial Measures – Forward-Looking Non-GAAP Financial Measures” for more information.

 


 

Webcast and Conference Call Information:

JOANN management will host a conference call and webcast to discuss the results today, Monday, August 28, 2023 at 5:00 p.m. ET. The toll-free number to call for the live interactive teleconference is 1 (844) 481-2750 and the international dial-in number is 1 (412) 317-0666. The live broadcast of JOANN’s conference call will be available online at the Company's website, www.joann.com, under the Investor Relations section, on August 28, 2023, beginning at 5:00 p.m. ET. The online replay will follow shortly after the call and will be available for one year.

 

2


 

Table 1.

JOANN Inc.

Consolidated Statements of Income (Loss)

(Unaudited)

 

 

Thirteen Weeks Ended

Twenty-six Weeks Ended

 

 

July 29,
2023

 

 

July 30,
2022

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions except per share data)

 

Net sales

$

453.8

 

 

$

463.3

 

 

$

931.9

 

 

$

961.3

 

Cost of sales

 

221.8

 

 

 

248.4

 

 

 

450.9

 

 

 

505.7

 

Gross profit

 

232.0

 

 

 

214.9

 

 

 

481.0

 

 

 

455.6

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

269.9

 

 

 

258.5

 

 

 

532.8

 

 

 

517.6

 

Depreciation and amortization

 

18.9

 

 

 

19.9

 

 

 

39.2

 

 

 

40.0

 

Operating (loss)

 

(56.8

)

 

 

(63.5

)

 

 

(91.0

)

 

 

(102.0

)

Interest expense, net

 

26.8

 

 

 

13.2

 

 

 

52.1

 

 

 

24.4

 

Investment remeasurement

 

 

 

 

 

 

 

 

 

 

1.0

 

(Loss) before income taxes

 

(83.6

)

 

 

(76.7

)

 

 

(143.1

)

 

 

(127.4

)

Income tax (benefit)

 

(11.5

)

 

 

(19.8

)

 

 

(19.3

)

 

 

(35.4

)

Loss from equity method investments

 

1.2

 

 

 

 

 

 

3.7

 

 

 

 

Net (loss)

$

(73.3

)

 

$

(56.9

)

 

$

(127.5

)

 

$

(92.0

)

 

 

 

 

 

 

 

 

 

 

 

(Loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(1.76

)

 

$

(1.40

)

 

$

(3.07

)

 

$

(2.26

)

Diluted

$

(1.76

)

 

$

(1.40

)

 

$

(3.07

)

 

$

(2.26

)

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

41.7

 

 

 

40.7

 

 

 

41.5

 

 

 

40.7

 

Diluted

 

41.7

 

 

 

40.7

 

 

 

41.5

 

 

 

40.7

 

 

3


 

Table 2.

JOANN Inc.

Consolidated Balance Sheets

(Unaudited)

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions)

 

Assets

 

 

 

 

 

Current assets:

 

 

 

 

 

Cash and cash equivalents

$

19.1

 

 

$

21.5

 

Inventories

 

642.0

 

 

 

749.9

 

Prepaid expenses and other current assets

 

62.6

 

 

 

78.5

 

Total current assets

 

723.7

 

 

 

849.9

 

 

 

 

 

 

Property, equipment and leasehold improvements, net

 

282.1

 

 

 

285.5

 

Operating lease assets

 

780.2

 

 

 

835.0

 

Goodwill, net

 

162.0

 

 

 

162.0

 

Intangible assets, net

 

267.8

 

 

 

371.5

 

Other assets

 

44.4

 

 

 

27.5

 

Total assets

$

2,260.2

 

 

$

2,531.4

 

 

 

 

 

 

Liabilities and Shareholders’ Equity (Deficit)

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Accounts payable

$

261.7

 

 

$

272.3

 

Accrued expenses

 

122.8

 

 

 

140.4

 

Current portion of operating lease liabilities

 

172.0

 

 

 

159.0

 

Current portion of long-term debt

 

6.8

 

 

 

6.8

 

Total current liabilities

 

563.3

 

 

 

578.5

 

 

 

 

 

 

Long-term debt, net

 

1,094.7

 

 

 

1,012.1

 

Long-term operating lease liabilities

 

714.8

 

 

 

771.3

 

Long-term deferred income taxes

 

20.4

 

 

 

86.8

 

Other long-term liabilities

 

29.2

 

 

 

31.5

 

 

 

 

 

 

Shareholders’ equity (deficit):

 

 

 

 

 

Common stock, stated value $0.01 per share

 

0.4

 

 

 

0.4

 

Additional paid-in capital

 

207.6

 

 

 

204.5

 

Retained (deficit)

 

(366.7

)

 

 

(126.0

)

Accumulated other comprehensive income

 

15.5

 

 

 

1.1

 

Treasury stock at cost

 

(19.0

)

 

 

(28.8

)

Total shareholders’ equity (deficit)

 

(162.2

)

 

 

51.2

 

Total liabilities and shareholders’ equity (deficit)

$

2,260.2

 

 

$

2,531.4

 

 

4


 

Table 3.

JOANN Inc.

Consolidated Statements of Cash Flows

(Unaudited)

 

 

Twenty-six Weeks Ended

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions)

 

Net cash provided by (used for) operating activities:

 

 

 

 

 

Net (loss)

$

(127.5

)

 

$

(92.0

)

Adjustments to reconcile net (loss) to net cash (used for)
   operating activities:

 

 

 

 

 

Non-cash operating lease expense

 

87.0

 

 

 

84.7

 

Depreciation and amortization

 

39.2

 

 

 

40.0

 

Deferred income taxes

 

1.1

 

 

 

(0.6

)

Stock-based compensation expense

 

6.8

 

 

 

2.2

 

Amortization of deferred financing costs and original issue discount

 

1.6

 

 

 

1.0

 

Investment remeasurement

 

 

 

 

1.0

 

Loss on disposal and impairment of fixed assets

 

1.2

 

 

 

0.2

 

Loss on equity method investment

 

3.7

 

 

 

 

Changes in operating assets and liabilities:

 

 

 

 

 

(Increase) in inventories

 

(57.9

)

 

 

(91.3

)

(Increase) in prepaid expenses and other current assets

 

(16.8

)

 

 

(39.2

)

Increase in accounts payable

 

64.2

 

 

 

18.5

 

Increase (decrease) in accrued expenses

 

7.3

 

 

 

(6.4

)

(Decrease) in operating lease liabilities

 

(86.8

)

 

 

(78.2

)

Increase (decrease) in other long-term liabilities

 

0.3

 

 

 

(9.9

)

Other, net

 

(5.7

)

 

 

3.9

 

Net cash (used for) operating activities

 

(82.3

)

 

 

(166.1

)

Net cash (used for) investing activities:

 

 

 

 

 

Capital expenditures

 

(29.4

)

 

 

(50.7

)

Other investing activities

 

(1.6

)

 

 

(4.3

)

Net cash (used for) investing activities

 

(31.0

)

 

 

(55.0

)

Net cash provided by (used for) financing activities:

 

 

 

 

 

Term loan payments

 

(3.4

)

 

 

(5.1

)

FILO proceeds

 

97.0

 

 

 

 

Borrowings on revolving credit facility

 

311.2

 

 

 

360.2

 

Payments on revolving credit facility

 

(283.2

)

 

 

(122.2

)

Principal payments on finance lease obligations

 

(4.6

)

 

 

(4.9

)

Proceeds from employee stock purchase plan and exercise of stock options

 

0.5

 

 

 

1.1

 

Payments of taxes related to the net issuance of team member stock awards

 

(0.1

)

 

 

(0.1

)

Dividends paid

 

 

 

 

(8.9

)

Financing fees paid

 

(5.2

)

 

 

 

Net cash provided by financing activities

 

112.2

 

 

 

220.1

 

Net (decrease) in cash and cash equivalents

 

(1.1

)

 

 

(1.0

)

Cash and cash equivalents at beginning of period

 

20.2

 

 

 

22.5

 

Cash and cash equivalents at end of period

$

19.1

 

 

$

21.5

 

Cash paid (received) during the period for:

 

 

 

 

 

Interest

$

48.7

 

 

$

22.7

 

Income taxes, net of (refunds)

 

(2.3

)

 

 

0.3

 

 

5


 

Table 4.

JOANN Inc.

Reconciliation of Net Income (Loss) to Adjusted EBITDA

(Unaudited)

 

 

Thirteen Weeks Ended

Twenty-six Weeks Ended

 

 

July 29,
2023

 

 

July 30,
2022

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions)

 

Net (loss)

$

(73.3

)

 

$

(56.9

)

 

$

(127.5

)

 

$

(92.0

)

Income tax (benefit)

 

(11.5

)

 

 

(19.8

)

 

 

(19.3

)

 

 

(35.4

)

Interest expense, net

 

26.8

 

 

 

13.2

 

 

 

52.1

 

 

 

24.4

 

Depreciation and amortization

 

18.9

 

 

 

19.9

 

 

 

39.2

 

 

 

40.0

 

Other amortization (1)

 

1.0

 

 

 

0.3

 

 

 

1.7

 

 

 

0.8

 

Investment remeasurement (2)

 

 

 

 

 

 

 

 

 

 

1.0

 

Strategic initiatives (3)

 

6.3

 

 

 

1.6

 

 

 

9.9

 

 

 

3.7

 

Excess import freight costs (4)

 

0.3

 

 

 

27.1

 

 

 

4.2

 

 

 

56.0

 

Technology development expense (5)

 

1.9

 

 

 

2.9

 

 

 

3.6

 

 

 

5.0

 

Stock-based compensation expense

 

1.5

 

 

 

1.2

 

 

 

6.8

 

 

 

2.2

 

Loss on disposal and impairment of fixed and operating lease assets

 

2.8

 

 

 

1.1

 

 

 

3.4

 

 

 

1.1

 

Loss from equity method investments

 

1.2

 

 

 

 

 

 

3.7

 

 

 

 

Other (6)

 

2.2

 

 

 

0.5

 

 

 

3.8

 

 

 

2.9

 

Adjusted EBITDA

$

(21.9

)

 

$

(8.9

)

 

$

(18.4

)

 

$

9.7

 

 



 

(1)
“Other amortization” represents amortization of content and capitalized cloud-based system implementation costs.
(2)
“Investment remeasurement” represents net gains and losses associated with our equity investments without readily determinable fair values.
(3)
“Strategic initiatives” represents non-recurring costs, such as third-party consulting costs and one-time start-up costs, that are not part of our ongoing operations and are incurred to execute differentiated, project-based strategic initiatives.
(4)
“Excess import freight costs” represents excess inbound freight costs (compared to our standard costs based on recently negotiated carrier rates) due to increased freight rates, in particular the significant transitory impact of constrained ocean freight capacity and incremental domestic transportation costs incurred due to unprecedented congestion in U.S. ports arising from surging market demand for shipping capacity as economies recovered from the COVID-19 pandemic. Refer to Non-GAAP Financial Measures for more information.
(5)
“Technology development expense” represents one-time IT project management and implementation expenses, such as temporary labor costs, third-party consulting fees and user fees incurred during the development period of a new software application, that are not part of our ongoing operations and are typically redundant during the initial implementation of software applications or other technology systems across different functional operations of our business before they are in productive use.
(6)
“Other” represents the one-time impact of severance, certain legal matters, employee recruitment, employee transition and business transition activities.

 

6


 

Table 5.

JOANN Inc.

Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss)

(Unaudited)

 

 

 

Thirteen Weeks Ended

 

 

Twenty-six Weeks Ended

 

 

July 29,
2023

 

 

July 30,
2022

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions except per share data)

 

Net (loss)

$

(73.3

)

 

$

(56.9

)

 

$

(127.5

)

 

$

(92.0

)

Investment remeasurement

 

 

 

 

 

 

 

 

 

 

1.0

 

Strategic initiatives

 

6.3

 

 

 

1.6

 

 

 

9.9

 

 

 

3.7

 

Excess import freight costs

 

0.3

 

 

 

27.1

 

 

 

4.2

 

 

 

56.0

 

Technology development expense

 

1.9

 

 

 

2.9

 

 

 

3.6

 

 

 

5.0

 

Stock-based compensation expense

 

1.5

 

 

 

1.2

 

 

 

6.8

 

 

 

2.2

 

Loss on disposal and impairment of fixed and operating lease assets

 

2.8

 

 

 

1.1

 

 

 

3.4

 

 

 

1.1

 

Loss from equity method investments

 

1.2

 

 

 

 

 

 

3.7

 

 

 

 

Other

 

2.2

 

 

 

0.5

 

 

 

3.8

 

 

 

2.9

 

Tax impact of adjustments (7)

 

(3.1

)

 

 

(8.1

)

 

 

(6.6

)

 

 

(19.6

)

Adjusted net (loss)

$

(60.2

)

 

$

(30.6

)

 

$

(98.7

)

 

$

(39.7

)

 

 

 

 

 

 

 

 

 

 

 

Diluted (loss) per share

$

(1.76

)

 

$

(1.40

)

 

$

(3.07

)

 

$

(2.26

)

Adjusted diluted (loss) per share

$

(1.44

)

 

$

(0.75

)

 

$

(2.38

)

 

$

(0.98

)

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

41.7

 

 

 

40.7

 

 

 

41.5

 

 

 

40.7

 

Weighted-average shares outstanding - diluted

 

41.7

 

 

 

40.7

 

 

 

41.5

 

 

 

40.7

 

 


 

(7)
“Tax impact of adjustments” represents the tax effect of the total adjustments based on our annual effective tax rate before discrete adjustments.

 

7


 

Table 6.

JOANN Inc.

Reconciliation of Gross Profit to Adjusted Gross Profit

(Unaudited)

 

 

Thirteen Weeks Ended

 

 

Twenty-six Weeks Ended

 

 

July 29,
2023

 

 

July 30,
2022

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions)

 

Net sales

$

453.8

 

 

$

463.3

 

 

$

931.9

 

 

$

961.3

 

Cost of sales

 

221.8

 

 

 

248.4

 

 

 

450.9

 

 

 

505.7

 

Gross profit

 

232.0

 

 

 

214.9

 

 

 

481.0

 

 

 

455.6

 

Excess import freight costs

 

0.3

 

 

 

27.1

 

 

 

4.2

 

 

 

56.0

 

Adjusted gross profit

$

232.3

 

 

$

242.0

 

 

$

485.2

 

 

$

511.6

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted gross margin

 

51.2

%

 

 

52.2

%

 

 

52.1

%

 

 

53.2

%

 

 

 

 

8


 

Table 7.

JOANN Inc.

Free Cash Flow

(Unaudited)

 

 

Twenty-six Weeks Ended

 

 

July 29,
2023

 

 

July 30,
2022

 

 

(In millions)

 

Cash (used for) operating activities

$

(82.3

)

 

$

(166.1

)

Less: capital expenditures

 

(29.4

)

 

 

(50.7

)

Free cash flow

$

(111.7

)

 

$

(216.8

)

 

 

 

9


 

Non-GAAP Financial Measures

Adjusted EBITDA

JOANN presents Adjusted EBITDA, which is not a recognized financial measure under accounting principles generally accepted in the United States of America (“GAAP”). JOANN presents Adjusted EBITDA because it believes it assists investors and analysts in comparing JOANN’s operating performance across reporting periods on a consistent basis by excluding items that management does not believe are indicative of JOANN’s core operating performance. Management believes Adjusted EBITDA is helpful in highlighting trends in JOANN’s core operating performance compared to other measures, which can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which companies operate and capital investments. JOANN also uses Adjusted EBITDA in connection with establishing discretionary annual incentive compensation; supplementing GAAP measures of performance in the evaluation of the effectiveness of its business strategies; making budgeting decisions; and comparing its performance against that of other peer companies using similar measures.

JOANN defines Adjusted EBITDA as net income (loss) plus income tax provision (benefit), interest expense, net and depreciation and amortization, further adjusted to eliminate the impact of certain non-cash items and other items that management does not consider indicative of JOANN's ongoing operating performance, including other amortization, investment remeasurements, costs related to strategic initiatives, excess import freight costs, technology development expenses, stock-based compensation expense, gains and losses on disposal and impairment of fixed and operating lease assets, gains and losses from equity method investments and other one-time costs. The excess import freight costs are directly attributable to surging market demand for shipping capacity as economies recovered from the COVID-19 pandemic, as well as actions taken by government and industry leaders designed to protect against further spread of the virus, which disrupted the efficient operation of domestic and international supply chains. These COVID-19 related conditions produced an imbalance of ocean freight capacity and related demand, as well as port congestion and other supply chain disruptions that added significant cost to JOANN's procurement of imported merchandise. These excess import freight costs included significantly higher rates paid per container to ocean carriers, as well as fees paid due to congested ports that JOANN did not normally incur. In a normative operating environment, JOANN would procure 70% to 80% of its needs for ocean freight under negotiated contract rates, with the balance procured in a brokered market, typically at no more than a 10% to 15% premium to JOANN's contract rates. Accordingly, JOANN established a baseline cost (“standard cost”) assuming those contract capacities, established rates and typical premium in the brokered market for peak volume needs not covered under our contracts. The amount of excess import freight costs included as an adjustment to arrive at Adjusted EBITDA is calculated by subtracting, from JOANN's actual import freight costs, JOANN's standard cost for the applicable period. Negotiation of JOANN's current contract rates was finalized in the second quarter of fiscal 2023. We have been experiencing declines in overall ocean freight rates and a reduction in other fees associated with port congestion, which has positively impacted JOANN's cash payments and Adjusted EBITDA. JOANN is identifying these COVID-19 related excess import freight costs as a separate line item in the table above due to their magnitude and to distinguish them from other COVID-19 related costs JOANN has previously excluded in calculating Adjusted EBITDA.

Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for analysis of JOANN’s results as reported under GAAP. Some of these limitations include:

Adjusted EBITDA does not reflect JOANN's cash expenditures or future requirements for capital expenditures or contractual commitments;
Adjusted EBITDA does not reflect changes in JOANN's cash requirements for its working capital needs;
Adjusted EBITDA does not reflect the interest expense and the cash requirements necessary to service interest and principal payments on JOANN's debt;
Adjusted EBITDA does not reflect cash requirements for replacement of assets that are being depreciated and amortized;
Adjusted EBITDA does not reflect non-cash compensation, which is a key element of JOANN’s overall long-term incentive compensation;
Adjusted EBITDA does not reflect the impact of certain cash charges or cash receipts resulting from matters JOANN does not find indicative of its ongoing operations; and
Adjusted EBITDA may be calculated differently by other companies in JOANN’s industry, such that its usefulness may be limited as a comparative measure.

JOANN compensates for these limitations by relying primarily on JOANN’s GAAP results and using Adjusted EBITDA only as supplemental information.

10


 

Adjusted Net Income (Loss) and Adjusted Diluted Earnings (Loss) per Share

JOANN presents adjusted net income (loss) and adjusted diluted earnings (loss) per share, which are not recognized financial measures under GAAP, because it believes these additional key measures assist investors and analysts in comparing JOANN’s performance across reporting periods on a consistent basis by excluding items that management does not believe are indicative of JOANN’s core operating performance. Management believes that adjusted net income (loss) and adjusted diluted earnings (loss) per share are helpful in highlighting trends in JOANN’s core operating performance compared to other measures, which can differ significantly depending on long-term strategic decisions regarding capital structure and capital investments. JOANN also uses adjusted net income (loss) and adjusted diluted earnings (loss) per share to supplement GAAP measures of performance in the evaluation of the effectiveness of its business strategies; to make budgeting decisions; and to compare its performance against that of other peer companies using similar measures.

JOANN defines adjusted net income (loss) as net income (loss) adjusted to eliminate the impact of certain non-cash items and other items that management does not consider indicative of its ongoing operating performance, including investment remeasurements, costs related to strategic initiatives, excess import freight costs, technology development expenses, stock-based compensation expenses, gains and losses on disposal and impairment of fixed and operating lease assets, income and losses from equity method investments and other one-time costs. The adjustments are itemized in the table above. Adjusted diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted-average number of common shares outstanding assuming dilution in periods in which there is an adjusted net income.

Adjusted Gross Profit and Adjusted Gross Margin

JOANN presents adjusted gross profit and adjusted gross margin, which are not recognized financial measures under GAAP, because it believes they assist investors and analysts in comparing JOANN’s performance across reporting periods on a consistent basis by excluding items that management does not believe are indicative of JOANN’s core operating performance.

 

JOANN defines adjusted gross profit as gross profit excluding excess import freight costs and adjusted gross margin as adjusted gross profit divided by net sales.

Free Cash Flow

JOANN presents free cash flow, which is not a recognized financial measure under GAAP, because it believes it assists investors and analysts in comparing JOANN’s cash flow performance across reporting periods on a consistent basis.

JOANN defines free cash flow as cash provided by (used for) operating activities less capital expenditures.

Forward-Looking Non-GAAP Financial Measures

Our fiscal 2024 guidance includes certain non-GAAP financial measures (Adjusted EBITDA and Free Cash Flow) that are presented on a forward-looking basis. Historically, JOANN has calculated these non-GAAP financial measures excluding the impact of certain items such as, but not limited to, income tax provision (benefit), interest expense, net, depreciation and amortization, other amortization, investment remeasurements, costs related to strategic initiatives, excess import freight costs, technology development expenses, stock-based compensation expenses, gains and losses on disposal and impairment of fixed and operating lease assets, income and losses from equity method investments and other one-time costs. Reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not provided because JOANN is unable to provide such reconciliations without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the timing and financial impact of such items. For the same reasons, JOANN is unable to address the probable significance of the unavailable information, which could be material to future results.

 

FORWARD-LOOKING STATEMENTS

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. JOANN intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Readers can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “vision,” “should,” or the negative thereof or other variations thereon or comparable terminology. Many factors could affect JOANN’s actual financial results and cause them to vary materially from the expectations contained in forward-looking statements, including those set forth in this document. These risks, uncertainties, and factors include, among other

11


 

things: the impact of inflationary pressures and general economic conditions, including the impacts of public health epidemics or pandemics, on JOANN’s ability to control costs and on its customers level of discretionary income to spend on sewing, arts and crafts and select home décor products; JOANN’s ability to anticipate and effectively respond to disruptions or inefficiencies in its distribution network, e-commerce fulfillment function and transportation system, including availability and cost of import and domestic freight; the effects of potential changes to U.S. trade regulations and policies, including tariffs, on JOANN’s business; developments involving JOANN’s competitors and its industry; JOANN’s ability to maintain adequate liquidity, its level of indebtedness, the impact of lease obligations and the availability of capital, including its ability to raise additional capital, could limit JOANN's financial flexibility and cash flow necessary to fund working capital, planned capital expenditures, and other general corporate purposes or ongoing needs of its business; JOANN's ability to regain and maintain compliance with the continued listing requirements of The Nasdaq Global Market; JOANN’s ability to timely identify or effectively respond to consumer trends, and the potential effects of that ability on its relationship with its customers, the demand for JOANN’s products and its market share; JOANN’s expectations regarding the seasonality of its business; JOANN’s ability to manage the distinct risks facing its e-commerce business and maintain a relevant omni-channel experience for its customers; JOANN’s ability to maintain or negotiate favorable lease terms for its store locations; JOANN’s ability to execute on its strategy to renovate and improve the performance of its existing store locations; JOANN's ability to achieve and maintain targeted annual cost reductions; JOANN’s ability to attract and retain a qualified management team and other team members while controlling its labor costs; JOANN’s reliance on and relationships with third party service providers; JOANN’s reliance on and relationships with foreign suppliers and their ability to supply it with adequate, timely and cost-effective products for resale; JOANN’s ability, and its third party service providers’ ability, to maintain security and prevent unauthorized access to electronic and other confidential information; the impacts of potential disruptions to JOANN’s information systems, including its websites and mobile applications; JOANN’s ability to respond to risks associated with existing and future payment options; JOANN’s ability to maintain and enhance a strong brand image; JOANN’s ability to maintain adequate insurance coverage; JOANN’s status as a “controlled company” and control of JOANN as a public company by affiliates of Leonard Green & Partners, L.P.; the impact of evolving governmental laws and regulations and the outcomes of legal proceedings; and the amount and timing of repurchases of JOANN’s common stock, if any.

The preceding list is not intended to be an exhaustive list of all of JOANN’s forward-looking statements. JOANN has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While JOANN believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond JOANN’s control. Given these risks and uncertainties, Readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included elsewhere in this document are not guarantees of future performance and JOANN’s actual results of operations, financial condition and liquidity and the development of the industry in which it operates may differ materially from the forward-looking statements included elsewhere in this document. In addition, even if JOANN’s results of operations, financial condition and liquidity and events in the industry in which it operates are consistent with the forward-looking statements included elsewhere in this document, they may not be predictive of results or developments in future periods. Any forward-looking statement that JOANN makes in this document speaks only as of the date of such statement. Except as required by law, JOANN does not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise after the date of this document.

 

About JOANN

For 80 years, JOANN has inspired creativity in the hearts, hands and minds of its customers. From a single storefront in Cleveland, Ohio, the nation’s category leader in sewing and fabrics and one of the fastest growing competitors in the arts and crafts industry has grown to include 829 store locations across 49 states and a robust e-commerce business. With the goal of helping every customer find their creative Happy Place, JOANN serves as a convenient single source for all of the supplies, guidance and inspiration needed to achieve any project or passion.

Investor Relations Contact:

Tom Filandro

tom.filandro@icrinc.com

646-277-1235

 

Corporate Communications:

Amanda Hayes

amanda.hayes@joann.com

216-296-5887

 

12


EX-101.SCH 3 joan-20230828.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 100000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink EX-101.PRE 4 joan-20230828_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.LAB 5 joan-20230828_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Entity Address State Or Province Entity Address, State or Province Trading Symbol Trading Symbol Soliciting Material Soliciting Material Entity Address City Or Town Entity Address, City or Town Written Communications Written Communications Entity Central Index Key Entity Central Index Key Entity Central Index Key Entity Tax Identification Number Entity Tax Identification Number Entity Registrant Name Entity Registrant Name Document Period End Date Document Period End Date Entity Address Postal Zip Code Entity Address, Postal Zip Code Entity Incorporation State Country Code Entity Incorporation, State or Country Code Local Phone Number Local Phone Number City Area Code City Area Code Pre-commencement Tender Offer Pre-commencement Tender Offer Cover [Abstract] Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company Amendment Flag Amendment Flag Entity File Number Securities Act File Number Entity Address Address Line1 Entity Address, Address Line One Security12b Title Title of 12(b) Security Document Type Document Type XML 6 R1.htm IDEA: XBRL DOCUMENT v3.23.2
Document and Entity Information
Aug. 28, 2023
Cover [Abstract]  
Entity Registrant Name JOANN Inc.
Amendment Flag false
Entity Central Index Key 0001834585
Document Type 8-K
Document Period End Date Aug. 28, 2023
Entity Incorporation State Country Code DE
Entity File Number 001-40204
Entity Tax Identification Number 46-1095540
Entity Address Address Line1 5555 Darrow Road
Entity Address City Or Town Hudson
Entity Address State Or Province OH
Entity Address Postal Zip Code 44236
City Area Code 330
Local Phone Number 656-2600
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Security12b Title Common stock, par value $0.01 per share
Trading Symbol JOAN
Security Exchange Name NASDAQ
XML 7 joan-20230828_htm.xml IDEA: XBRL DOCUMENT 0001834585 2023-08-28 2023-08-28 false 0001834585 8-K 2023-08-28 JOANN Inc. DE 001-40204 46-1095540 5555 Darrow Road Hudson OH 44236 330 656-2600 false false false false Common stock, par value $0.01 per share JOAN NASDAQ false EXCEL 8 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 9 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 10 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 11 FilingSummary.xml IDEA: XBRL DOCUMENT 3.23.2 html 1 22 1 false 0 0 false 0 false false R1.htm 100000 - Document - Document and Entity Information Sheet http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports joan-20230828.htm joan-20230828.xsd joan-20230828_lab.xml joan-20230828_pre.xml joan-ex99_1.htm http://xbrl.sec.gov/dei/2023 true false JSON 13 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "joan-20230828.htm": { "axisCustom": 0, "axisStandard": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 22 }, "contextCount": 1, "dts": { "inline": { "local": [ "joan-20230828.htm" ] }, "labelLink": { "local": [ "joan-20230828_lab.xml" ] }, "presentationLink": { "local": [ "joan-20230828_pre.xml" ] }, "schema": { "local": [ "joan-20230828.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd", "https://xbrl.sec.gov/country/2023/country-2023.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2023": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 0, "memberStandard": 0, "nsprefix": "joan", "nsuri": "http://www.joann.com/20230828", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "p", "body", "html" ], "baseRef": "joan-20230828.htm", "contextRef": "C_75fca321-c0cc-43d2-95c2-d01e1373cbc2", "decimals": null, "first": true, "lang": "en-US", "name": "dei:EntityRegistrantName", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Document and Entity Information", "menuCat": "Cover", "order": "1", "role": "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "p", "body", "html" ], "baseRef": "joan-20230828.htm", "contextRef": "C_75fca321-c0cc-43d2-95c2-d01e1373cbc2", "decimals": null, "first": true, "lang": "en-US", "name": "dei:EntityRegistrantName", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "verboseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2023", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address Address Line1" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address City Or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address State Or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key", "verboseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Securities Act File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "verboseLabel": "Entity Incorporation State Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer", "terseLabel": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer", "terseLabel": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Security12b Title" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2023", "presentation": [ "http://www.joann.com/20230828/taxonomy/role/Role_DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425", "role": "http://www.xbrl.org/2003/role/presentationRef" } }, "version": "2.2" } ZIP 14 0000950170-23-044776-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000950170-23-044776-xbrl.zip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end