United States securities and exchange commission logo
February 16, 2022
Matt Susz
Senior Vice President, Chief Financial Officer
JOANN Inc.
5555 Darrow Road
Hudson, Ohio 44236
Re: JOANN Inc.
Form 10-K for
Fiscal Year Ended January 30, 2021
Filed April 1, 2021
Form 10-Q for
Fiscal Quarter Ended October 30, 2021
Filed December 3,
2021
Item 2.02 Form 8-K
Dated December 2, 2021
Response dated
February 7, 2022
File No. 001-40204
Dear Mr. Susz:
We have reviewed your February 7, 2022 response to our comment
letter and have the
following comment. In our comment, we may ask you to provide us with
information so we may
better understand your disclosure.
Please respond to our comment within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe our
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your response to our comment, we may have
additional
comments. Unless we note otherwise, our references to prior comment are
to comment in our
January 27, 2022 letter.
Form 10-Q for Fiscal Quarter Ended October 30, 2021
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Non-GAAP Financial Measures
Adjusted EBITDA, page 16
1. We note your response
to our comment. Please expand your disclosure to describe the
nature of the
adjustment for excess import freight costs in detail, and explain how this
adjustment is directly
attributable to COVID-19 pandemic and is incremental to your
Matt Susz
JOANN Inc.
February 16, 2022
Page 2
normal operations. Please also explain how the adjusting amount was
calculated. This
comment also applies to the non-GAAP financial measure disclosure in
your Item 2.02
Form 8-K dated December 2, 2021.
You may contact Suying Li at (202) 551-3335 or Angela Lumley at (202)
551-3398 with
any questions.
FirstName LastNameMatt Susz Sincerely,
Comapany NameJOANN Inc.
Division of
Corporation Finance
February 16, 2022 Page 2 Office of Trade &
Services
FirstName LastName