JC Penney (JCP) Tops Q4 EPS by 1c; Announces $900M Buyback; Guides Q1, FY11

February 25, 2011 7:52 AM EST
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Financial Fact:
Total net sales: 3.96B

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JC Penney (NYSE: JCP) reported Q4 EPS of $1.09, $0.01 better than the analyst estimate of $1.08. Revenue for the quarter came in at $5.7 billion versus the consensus estimate of $5.7 billion.

Announces a new $900 million buyback plan.

JC Penney sees Q1 EPS of $0.18-$0.23, versus the consensus of $0.31.

JC Penney sees FY11 EPS of $2.00-$2.10, versus the consensus of $1.57.


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Earnings, Guidance, Hot Earnings, Hot Guidance, Retail Sales, Stock Buybacks