J.C. Penney (JCP) Tops Q4 EPS by 10c but FY EPS Guidance Misses Views

(Updated - March 2, 2018 7:33 AM EST)

J.C. Penney (NYSE: JCP) reported Q4 EPS of $0.57, $0.10 better than the analyst estimate of $0.47. Revenue for the quarter came in at $4.03 billion versus the consensus estimate of $4.05 billion.

• Comparable sales increased 2.6 % in the fourth quarter and were on the same 13 week basis as the fourth quarter last year.

Outlook

The Company's 2018 full year guidance is as follows:

Comparable store sales: expected to be 0.0 % to 2.0 %; and
Adjusted earnings per share1: expected to be $0.05 to $0.25.

(Street sees FY EPS of $0.20)

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

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