UPDATE: Baird Downgrades J. C. Penney (JCP) to Neutral, PT to $5 Following 1Q Report; 'Industry Disruption Neutralizing Company-Specific Drivers'

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Go back to UPDATE: Baird Downgrades J. C. Penney (JCP) to Neutral, PT to $5 Following 1Q Report; 'Industry Disruption Neutralizing Company-Specific Drivers'

JCPENNEY REPORTS FIRST QUARTER 2017 FINANCIAL RESULTS AND REAFFIRMS FULL YEAR GUIDANCE

May 12, 2017 7:31 AM EDT

Gross Margin Increases 10 basis points

Company Taking Actions to Strengthen Balance Sheet Through Planned Retirement of $520 million in Outstanding Debt 

PLANO, Texas - (May 12, 2017) - J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal first quarter ended Apr. 29, 2017.  

Marvin R. Ellison, Chairman and Chief Executive Officer said, "We continue to make encouraging progress in the Company's competitive and... More