JC Penney's same-store sales jump 3% during holiday season [CNBC]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: CNBC
J.C. Penney said Thursday morning it had a stronger holiday season than last, bolstered by strong sales in home, beauty and fine jewelry. It also benefited from a stronger shopping season across the board. It reported a jump in same-store sales of more than 3 percent during the November and December months compared with the same period last year. We are very encouraged with our overall comp sales performance during the holiday season, CEO Marvin Ellison said in a statement. Penney's stock initially spiked higher in pre-market trading Thursday on the news, but was not down nearly 5 percent. Shares have been rallying in expectation of positive holiday results. For many retailers, results this holiday season have been stronger the last, as they enjoy a bounce from strong consumer confidence and a booming stock market. Still, with a tougher holiday season last year, the bar was lower this time around. J.C. Penney last year saw comparable sales fall 0.8 percent. P
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