J.C. Penney Stock Is Set to Rebound as Rivals Keep Retreating [The Motley Fool]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: The Motley Fool
Additional Sears store closures and the liquidation of Bon-Ton could help J.C. Penney accelerate its sales growth later this year. That would be great news for J.C. Penney stock. Adam Levine-Weinberg ( TMFGemHunter ) Apr 19, 2018 at 8:50AM Shares of J.C. Penney ( NYSE:JCP ) rallied in early 2018 thanks to an improving retail climate and the company's strong holiday performance. Indeed, J.C. Penney's comp sales rose 3.4% in the combined November-December holiday shopping period. However, J.C. Penney stock has surrendered all of those gains since early March, when the company published a somewhat disappointing forecast for 2018 . J.C. Penney expects comp sales to rise 0% to 2% this year, with earnings just slightly better than breakeven. J.C. Penney stock performance. Data by YCharts . However, the outlook for J.C. Penney stock could be impro
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