J.C. Penney (NYSE: JCP) reported Q2 adjusted EPS of ($0.41), versus the analyst estimate of ($0.48). Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.86 billion.

Same store sales increased 4.1% for the period.

2015 Full-Year Outlook

The Company improved its SG&A and EBITDA guidance and reiterated its remaining 2015 full-year guidance as follows:

• Comparable store sales: expected to increase 4 percent to 5 percent;
• Gross margin: expected to improve 100 to 150 basis points;
• SG&A: expected to decrease approximately $120 million (compared to the previous expectation of a $100 million decrease);
• EBITDA: approximately $620 million (compared to the previous expectation of $600 million);
• Primary pension plan expense: approximately $19 million;
• Depreciation and amortization: approximately $615 million;
• Interest expense: approximately $415 million
• Capital Expenditures: $250 to $300 million; and
• Free cash flow: expected to be breakeven.

For earnings history and earnings-related data on J.C. Penney (JCP) click here.