J.C. Penney (JCP) Misses Q1 EPS by 2c, Comps Increase 0.2%, Offers Guidance

J.C. Penney (NYSE: JCP) reported Q1 EPS of ($0.22), $0.02 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $2.58 billion versus the consensus estimate of $2.63 billion.

• positive sales comp of 0.2 %

GUIDANCE:

J.C. Penney sees FY2018 EPS of ($0.07)-$0.13, versus the consensus of $0.19.

• Comparable store sales: expected to remain at 0.0 % to 2.0 %; and

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

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