JC Penney (JCP) Tops Q4 EPS by 19c, Comps Decline 7%, Offers Guidance
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J. C. Penney Company, Inc. Reports Fourth Quarter and Full Year 2019 Financial Results
February 27, 2020 7:31 AM ESTDelivers Fourth Quarter Net Income of $0.08 Per Share; Inventory Reduced 11.1% From Prior Year; Meets Full Year Financial Guidance
PLANO, Texas, Feb. 27, 2020 (GLOBE NEWSWIRE) -- J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal quarter and full year period ended Feb. 1, 2020:
Fourth Quarter:
Comparable store sales decreased 7.0%Adjusted comparable store sales decreased 4.7%Cost of goods sold, as a rate of net sales, improved approximately 200 basis points over prior yearNet income of $0.08 per share; Adjusted net income... More