JC Penney (JCP) May Comps Up 11.1%; Raises Guidance

JC Penney Company, Inc. (NYSE: JCP) said on a comparable store basis, sales increased 11.1 percent, well above guidance for a low single digit sales increase. Based on sales performance in the May period, management is raising guidance for earnings from continuing operations in the second quarter by $0.02 per share to approximately $0.62 per share, up from previous guidance of approximately $0.60 per share.

You May Also Be Interested In

• BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
• UBS flags this name, sees "significant potential for stock outperformance"
• Advance Auto Parts (AAP) Tops Q2 EPS by 22c; lifrs profit guidance