J.C. Penney sees bigger loss than expected

NEW YORK (AP) – J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also.

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 · J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major.

Big loss and bigger-than-expected sales shortfall don’t hold shares back.. See you at the top! Best Credit Cards. J.C. Penney Reports 12% Drop in Sales Big loss and bigger-than-expected.

 · NEW YORK (AP) – J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent. The dismal report, released Thursday, illustrates the challenges awaiting whoever becomes the next CEO, after Marvin Ellison.

JCPenney reports a wider loss than expected, stock gets smoked. Department store operator J.C. Penney Co Inc reported a wider loss as its margins took a. SEE ALSO: Blue Apron warns of a big.

J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture categories, sending.

J.C. Penney shares sank as much as 10% today, after the department-store chain, in the midst of a controversial turnaround, posted a larger-than-expected quarterly loss. J.C. Penney swung. Erika.

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J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year forecast again, and its shares plunged 24 percent.

J.C. Penney delivered the latest dismal retail news, reporting a much larger-than-expected loss as same-store sales fell 32 percent. Shares skidded after-hours.

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J.C. Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the struggling retailer "back on a path to profitable growth."

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J.C. Penney stock has plunged to new all-time lows this month, after the company reported a larger-than-expected second-quarter loss on Aug. 11. That said, the second quarter was an unusual period, as.

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