J.C. Penney's (JCP) Buy Rating Maintained at Deutsche Bank
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JCPENNEY REPORTS A 2.2 PERCENT INCREASE IN COMPARABLE SALES FOR THE SECOND QUARTER 2016
August 12, 2016 7:31 AM EDTÂ Â Â Â Company reaffirms its 2016 guidance
PLANO, Texas - (Aug. 12, 2016) - J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its second quarter ended July 30, 2016. Comparable sales increased 2.2 % for the second quarter, delivering a two-year stack of 6.3%. Net loss improved 52% to $(56) million versus the prior year.
Marvin R. Ellison, chairman and chief executive officer, said, "We are pleased with the sequential improvement we achieved throughout the second... More
