JCPenney (JCP) March Same Store Sales Down 7.2%; Guides Higher
Tweet
Share
E-mailGet Alerts JCP Hot Sheet
Price: $0.18 --0%
Financial Fact:
Net interest expense: 88M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Net interest expense: 88M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Join SI Premium – FREE
J. C. Penney Company, Inc. (NYSE: JCP) comparable store sales decreased 7.2% for the five-week period ended April 4, 2009, better than the Company’s guidance for a low-double digit to mid-teen decrease. During the same period last year, comparable store sales decreased 12.3 percent. Total Company sales in March decreased 5.4 percent.
April sales: Comparable department store sales are expected to decrease 9 to 12%. In last year’s April period, comparable store sales decreased 1.7%.
J.C. Penney now expects to report a Q1 loss in the range of $0.05 to $0.10 per share which compares to previous guidance for a loss of $0.20 to $0.30 per share versus the consensus of $0.22 loss.
April sales: Comparable department store sales are expected to decrease 9 to 12%. In last year’s April period, comparable store sales decreased 1.7%.
J.C. Penney now expects to report a Q1 loss in the range of $0.05 to $0.10 per share which compares to previous guidance for a loss of $0.20 to $0.30 per share versus the consensus of $0.22 loss.
You May Also Be Interested In
- enVVeno Medical (NVNO) files $100M mixed shelf
- Sigma Lithium resumes full operations after signing TAC agreement
- Cytek faces $56M damages award in Beckman Coulter patent case
Create E-mail Alert Related Categories
Corporate News, Guidance, Hot List, Retail SalesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
