J.C. Penney (JCP) Tops Q4 EPS by 7c, Revenue Comes in Light
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JCPenney Reports Fourth Quarter and Fiscal 2018 Earnings
February 28, 2019 7:30 AM ESTPLANO, Texas , Feb. 28, 2019 (GLOBE NEWSWIRE) --
J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal fourth quarter and full year ended Feb. 2, 2019. On a shifted basis, which compares the 13 weeks ended Feb. 2, 2019 and Feb. 3, 2018, comparable sales decreased 4.0 %. On an unshifted basis, comparable sales for the fourth quarter decreased 6.0 %. For the full year, comparable sales decreased 3.1 %. Net income for the quarter was $75 million, or $0.24 per share, and net loss for the full year was $255 million, or ($0.81) per share.  Â
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