​J.C. Penney sales fall short, net loss doubles; Shawn Gensch named new CCO

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Same-store sales fell more than expected at J.C. Penney Co. Inc. in the first quarter and its net loss nearly doubled. JC Penney Sales Fall Short, Net Loss Doubles; Shares Sink. The company.

Liquidation efforts took a toll on J.C. Penney in its second quarter, which reported earnings and same-store sales below estimates. Penney’s net loss widened to $62 million in the quarter ended.

J.C. Penney Shares Fall Back Into ‘Show Me’ Status. Part of J.C. Penney’s push in online sales will come from expanding its appliance program throughout the year and it’s newly announced.

J.C. Penney sales fall short, net loss doubles; Shawn Gensch named new CCO 22 May 2019 Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses, sending shares down more than 9% on Tuesday.

J C Penney Company Inc (NYSE: jcp) stock crashed more than 17 percent Friday to its lowest level since the 1980s after the company issued deep cuts to its 2017 guidance ahead of the critical.

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J.C. Penney Company (JCP) reported a 1st Quarter April 2019 loss of $0.46 per share on revenue of $2.6 billion. The consensus estimate was a loss of $0.39 per share on revenue of $2.5 billion. The Earnings Whisper number was for a loss of $0.42 per share. revenue fell 4.3% compared to the same quarter a year ago.

J.C. Penney Co., continuing to show progress in its turnaround, reduced its net loss to $138 million in the second quarter ended Aug. 1, from $172 million in the year-ago period.

J.C. Penney narrows losses, but shares fall. with an adjusted loss of 5 cents. and footwear and handbags were the quarter’s top-performing sales categories. J.C. Penney held to its.

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Featured J.C. Penney stock falls as apparel sales plummet and appliances not picking up. Shareholders are wondering what steps will J.C. Penney take in order to stop the bleeding of its stocks.

J.C. penney shares hit new all-time low its profit plummets. J.C. Penney Shares Fall 25% as More Bad News Pours In. J.C. Penney said it expects comparable sales to be up 0.6% to 0.8% when it.

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