J.C. Penney (JCP) Tops Q3 EPS by 4c, Comps Fall 5.4%, Withdraws Previous Full Year Earnings Guidance

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Go back to J.C. Penney (JCP) Tops Q3 EPS by 4c, Comps Fall 5.4%, Withdraws Previous Full Year Earnings Guidance

JCPenney Reports Third Quarter 2018 Financial Results

November 15, 2018 7:30 AM EST

PLANO, Texas, Nov. 15, 2018 (GLOBE NEWSWIRE) -- J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal third quarter ended Nov. 3, 2018. Comparable sales decreased 5.4 % for the third quarter. Net loss for the quarter was $151 million or ($0.48) per share.

Jill Soltau, chief executive officer, said, I am excited to be at JCPenney, and having been in the office for a month now, I am encouraged by the many opportunities I see. Our objective to put JCPenney back on a path to... More