J.C. Penney sales fall short, net loss doubles; shares sink 10%

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J. C. Penney Company, Inc. JCP commenced fiscal 2018 on a dismal note.. JC Penney (JCP) Shares Plunge on Q1 Loss & Sales Decline.. generated total net sales of $2,584 million that decreased.

J C Penney stock has tanked this year, losing 69% and touching a record low of $2.35 yesterday. At last check, the security was trading 4.8% higher at $2.63, but JCP shares could sink to new lows.

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J. C. Penney Company, Inc.JCP reported first-quarter fiscal 2018 adjusted loss per share of 22 cents, which is in line with the Zacks Consensus.. J. C. Penney generated total net sales of.

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

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(Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Thursday.

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(Reuters) – J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price.

J. C. Penney Company, Inc. (stylized as JCPenney) is an American department store chain with 865 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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Still, Macy’s, whose digital business posted its fortieth consecutive quarter of double-digit growth, maintained its 2019.

Losses At JC Penney Double, Sales Slide, As Do Shares Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.

J.C. Penney stock sinks on falling sales. J.C. Penney reported a net loss of $163 million, or 75 cents per share, on roughly $3.2 billion in sales in the first quarter of 2012.. Analysts had.

Clearly, the market couldn’t care less about J C Penney Company Inc (NYSE: JCP)’s Q1 earnings beat.Shares are down another 12 percent on Friday and are now down almost 20 percent in two days.

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