JC Penney (JCP) Tops Q3 EPS by 26c, Comps Decline 9.3%, Offers Guidance

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Go back to JC Penney (JCP) Tops Q3 EPS by 26c, Comps Decline 9.3%, Offers Guidance

JCPenney Reports Third Quarter 2019 Financial Results

November 15, 2019 7:30 AM EST

Cost of Goods Sold Rate Improved 350 Basis Points; Inventory Reduced 9.0 % From Prior Year; Increases Adj. EBITDA1 Guidance for Full-Year 2019; Reaffirms Other Prior Financial Guidance

PLANO, Texas, Nov. 15, 2019 (GLOBE NEWSWIRE) -- J. C. Penney Company, Inc. (NYSE: JCP) today announced the following financial results for its fiscal third quarter ended Nov. 2, 2019, as compared to the third quarter ended Nov. 3, 2018 last year:

Comparable store sales decreased 9.3 %; Adjusted comparable store sales decreased 6.6 %Cost of goods sold rate improved 350 basis pointsNet loss per share improved over last year to ($0.29)Inventory declined... More