J. C. Penney (JCP) Comps Fall 16.4% During January; Lowers Q4 Outlook

February 5, 2009 8:32 AM EST
J. C. Penney Company, Inc. (NYSE: JCP) today announced January sales of $983 million, with same store sales down 16.4% during the month.

JCPenney lowers its Q4 EPS guidance from $0.90-$1.05 to $0.90-$0.93, versus the consensus of $0.94.

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Guidance, Hot List, Retail Sales