J. C. Penney (JCP) Comps Fell 12.3% During July; Raises Q2 Outlook

August 6, 2009 8:35 AM EDT
J. C. Penney Company, Inc. (NYSE: JCP) reports total sales for the month of July were $1.194 billion, down 10.6% from the same period last year. Same store sales fell 12.3%.

Sees August comps down 6-9%.

Raises its Q2 guidance from a loss of $0.08-$0.12 to a loss of about $0.01. The Street is currently looking for Q2 EPS of ($0.08).

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Guidance, Hot List, Retail Sales