What Kohl's and J.C. Penney Executives Are Saying About Weak Q1 Earnings [The Motley Fool]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: The Motley Fool
What Kohl's and J.C. Penney Executives Are Saying About Weak Q1 Earnings On Tuesday morning, J.C. Penney ( NYSE:JCP Kohl's NYSE:KSS dismal first-quarter results These results were even worse than what analysts had been expecting. This added to investors' anxiety about department stores' future prospects. Shares of both retailers have fallen more than 0% over the past month, with most of the damage coming this week. J.C. Penney and Kohl's -Month Stock Performance, data by YCharts Not surprisingly, both companies' leaders spent most of their respective earnings calls trying to reassure investors. Here's what they had to say. Tentative progress at J.C. Penney The headline numbers at J.C. Penney were quite poor. Moreover, management indicated that shareholders should expect comparable-store sales to continue falling at a mid-single-digit pace for the rest of fiscal 09, roughly speaking. That said, J.C. Penney executives pointed to several signs that the struggling department store chain i
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