JCPenney (JCP) Comps Rise 2% During June; Cuts Q2 EPS Guidance Well Below the Street
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JCPenney (NYSE: JCP) reports total sales for the month of June were $1.545 billion, down 0.3 percent from the same period last year. Same store sales rose 2 percent.
Cuts its Q2 operating EPS guidance from 26-30 cents to about 6 cents, which compares to the Street estimate of 20 cents.
Cuts its Q2 operating EPS guidance from 26-30 cents to about 6 cents, which compares to the Street estimate of 20 cents.
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