J.C. Penney Co., Inc. (JCP) Reports Q1 Adj-EPS of 33c; Comps Up 3.8%; Guides Q2, FY11

May 16, 2011 7:52 AM EDT
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Gross margin: 1.31B

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J.C. Penney Co., Inc. (NYSE: JCP) reported Q1 EPS of $0.33, ex-items, vs. the analyst estimate of $0.25. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $3.95 billion.

Comparable store sales for the quarter grew 3.8%.

J.C. Penney Co., Inc. sees Q2 2011 EPS of $0.20-$0.24, versus the consensus of $0.21. Sees comps up 3 - 4%.

Sees FY11 EPS of $2.15-$2.25.


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