J.C. Penney (JCP) Tops Q4 EPS by 7c, Revenue Comes in Light

J.C. Penney (NYSE: JCP) reported Q4 EPS of $0.18, $0.07 better than the analyst estimate of $0.11. Revenue for the quarter came in at $3.67 billion versus the consensus estimate of $3.79 billion.

On a shifted basis, which compares the 13 weeks ended Feb. 2, 2019 and Feb. 3, 2018, comparable sales decreased 4.0 %. On an unshifted basis, comparable sales for the fourth quarter decreased 6.0 %. Credit income, which was previously reflected as a reduction to SG&A, was $121 million for the fourth quarter this year compared to $84 million in the fourth quarter last year.

Outlook

The Company currently expects free cash flow1 to be positive for fiscal year 2019.

For earnings history and earnings-related data on J.C. Penney (JCP) click here.

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