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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: scbeachbum who wrote (69982)3/18/2022 12:22:04 PM
From: Spekulatius1 Recommendation

Recommended By
E_K_S

  Read Replies (1) | Respond to of 78515
 
re JOAN - When you don't know why a stock is selling off after posting decent looking results, the problem is almost always in the guidance. JOAN does not provide sales guidance for 2023 and they sort of guide the first quarter down 10-15%
As communicated earlier, we entered this fiscal year with the expectation that we would begin to see trends at our sustainable growth model of 2% to 4% comparable sales growth as early as our upcoming second quarter. While we remain confident in our growth strategies, current external pressures, including geopolitical unrest, escalating inflationary pressures on both our business and our customers as well as ongoing supply chain disruptions, including recent COVID-related shutdowns in China, we are managing the business to a more conservative outlook until we have more certainty around the length and severity of these external headwinds. For those same reasons, we are not currently providing specific sales and earnings guidance for fiscal 2023. I can provide the following general perspective on the more material aspects to our operations and financial outlook.
With all that debt, the stock really is not cheap, imo.