J.C. Penney sales fall short, net loss doubles; shares sink
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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 after the retailer exited its appliance and in-store furniture businesses.
J.C. Penney Co. (JCP) is reporting a loss of $180 million in its fiscal first quarter. Losses at JC Penney double, sales slide, as do shares | Fox Business News
The sale of J.C. Penney’s flagship product, women’s clothing, was experiencing an unmistakable downturn. And while analysts had earlier estimated a loss of stock value that amounts to 18 cents to a dollar for the third quarter of 2017, J.C. Penney in its announcements had hinted that the loss could reach as high up to as 40 cents to a dollar.
Fashion Retailer Cato Corp. Isn’t Dressed for Success. I was somewhat intrigued by CATO back in July because it was a "double-net" stock. larger names like Sears Holdings and J.C. Penney.
Net loss narrowed to $26.3-million or 9 cents per share, in the third quarter ended Sept. 30, from $47.4-million, or cents per share. Shares of retailer J.C. Penney sank 26 per cent in premarket.
Losses At JC Penney Double, Sales Slide, As Do Shares Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.
J. C. Penney Company, Inc. JCP commenced fiscal 2018 on a dismal note.. JC Penney (JCP) Shares Plunge on Q1 Loss & Sales Decline.. generated total net sales of $2,584 million that decreased.
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Modest positive comp store sales after five years of double digit declines were proof J.C. Penney was back. I went to the company press release and no matter how hard I searched, they never mentioned their Net Income. They blathered on about EBITDA and adjusted earnings per share, but not a peep about the actual GAAP Net Income.
(Reuters) – J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price.
PLANO, Texas (AP) – Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear.
· At the rate the firm is going, with sales continuing to fall as comparable store sales contract and store closures keep coming, someday it’ll be.