J.C. Penney (JCP) Misses Q1 EPS by 8c, Comps Decline 5.5%
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JCPenney Reports First Quarter 2019 Financial Results
May 21, 2019 7:00 AM EDTPLANO, Texas, May 21, 2019 (GLOBE NEWSWIRE) -- J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal first quarter ended May 4, 2019. Net loss for the quarter was $154 million or ($0.48) per share. Comparable sales decreased 5.5 % for the first quarter. The exit of the major appliance and in-store furniture categories in the first quarter had a combined negative impact of 20 basis points to comparable sales.
I am pleased with the strides we've made in setting key objectives, building our senior leadership team, executing significant changes in our assortment, such as... More
