JC Penney (JCP) Tops Q4 EPS by 19c, Comps Decline 7%, Offers Guidance

JC Penney (NYSE: JCP) reported Q4 EPS of $0.13, $0.19 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $3.38 billion versus the consensus estimate of $3.44 billion.

Comparable store sales decreased 7.0%

2020 Financial Guidance:

The Company has provided financial guidance for full year fiscal 2020, which does not include any potential impact from the current coronavirus (COVID-19) situation, as follows:

• Comparable store sales: expected to be in a range of (3.5)% to (4.5)%;
• Cost of goods sold, as a rate of net sales: expected to improve 100 to 130 basis points compared to last year;
• Adjusted EBITDA1 dollars: expected to increase 5% to 10% compared to last year; and
• Free Cash Flow1: expected to be positive

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

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