J.C. Penney Company (JCP) reported a 1st Quarter April 2019 loss of $0.46 per share on revenue of $2.6 billion. The consensus estimate was a loss of $0.39 per share on revenue of $2.5 billion. The Earnings Whisper number was for a loss of $0.42 per share. Revenue fell 4.3% compared to the same quarter a year ago.
J. C. Penney Company, Inc. (stylized as JCPenney) is an American department store chain with 864 locations in 49 U.S. states and Puerto Rico. In addition to selling conventional merchandise, J. C. Penney stores often house several leased departments such as Sephora, Seattle’s Best Coffee, salons, auto centers, optical centers, portrait studios, and jewelry repair.
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Same-store sales fell more than expected at J.C. Penney Co. Inc. in the first quarter and its net loss nearly doubled. JC Penney Sales Fall Short, Net Loss Doubles; Shares Sink. The company.
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With a 20% sales drop, J.C Penny’s flight in the face of traditional retail pricing, has failed, at least in the short-term. CEO Ron Johnson insists that the company will continue with this method, even though experts expect the retail chain to gradually return to offering frequent sales and promotions.
· J.C. Penney sales fall short, net loss doubles; shawn gensch named new CCO Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses.
J.C. Penney sales are back.. J.C. Penney reports hefty loss;. Penney also plans to add new price tags or signs for more than half of its merchandise to show customers how much they’re saving.
J.C. Penney’s net loss widened to $180 million, or 58 cents per share, in the quarter ended april 29. JC Penney Shares Hit Record Low as Its Quarterly Loss More Than Doubles Subscribe
J.C. Penney sales fall short, net loss doubles; shares sink 10% May 21- Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled, after the retailer.