• Walmart tops targets, Penney misses

    5 monthes ago - By Reuters

    E-commerce sales rebounded at Walmart, helping revenue beat expectations, while J.C. Penney's flat same-store sales fell far short of targets. Fred Katayama reports.
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  • JC Penney is tumbling as guidance disappoints and cold weather weighs on sales

    JC Penney is tumbling as guidance disappoints and cold weather weighs on sales

    5 monthes ago - By Business Insider

    J CPenney reported disappointing first-quarter results ahead of Thursday's opening bell.
    The company blamed cooler temperatures for its sales miss.
    Shares fell more than 14% in pre-market trading.
    Watch J.C. Penney trade in real-time here.
    JCPenney plunged more than 14% in pre-market trading Thursday after reporting first-quarter earnings and guidance that missed Wall Street estimates.
    The longer winter and late start to spring weighed on customer traffic. JCPenney reported comparable sales of 0.2%, missing the 2.1% estimate from analysts surveyed by Bloomberg. Revenue came in below...
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  • J.C. Penney Stock Plunges After Awful First Quarter Sales

    5 monthes ago - By Fortune

    Retailers have a lot of wind in their sails these days, but it's hard to tell when you look at J.C. Penney's jcp first-quarter results.
    The discount department store chain on Thursday said that comparable sales , a metric that strips out the impact of the 141 stores it closed last year, rose a meager 0.2% in the quarter, with the company blaming cold weather and the late arrival of spring for impeding clothing sales.
    But the growth was well below the 2.1% Wall Street was expecting, according to Consensus Metrix, and is certainly far from the strong numbers reported earlier this week by...
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