J.C. Penney reports 3.4% holiday season same-store sales increase [MarketWatch]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: MarketWatch
J.C. Penney reports 3.4% holiday season same-store sales increase J.C. Penney Co. Inc. JCP, -4.59% reported a 3.4% same-store sales increase for the nine weeks ending Dec. 30, 2017, and reaffirmed its full-year guidance in a Thursday announcement. The fourth-quarter FactSet consensus is for same-store sales growth of 0.8%. The retailer saw improved same-store performance across apparel, particularly in women's and kids, and double-digit sales growth in e-commerce, according to a statement from Chief Executive Marvin Ellison. And the company is now able to fill e-commerce orders from all of its brick-and-mortar stores, Ellison said. J.C. Penney reaffirmed its previous guidance for full-year fiscal 2017 adjusted earnings per share of 2 cents to 8 cents and flat to a 1% same-store sales decline. The FactSet consensus is for EPS of 7 cents and a same-store sales decline of 0.5%. J.C. Penney shares are unchanged in Thursday premarket trading, and up 4.5% for the past three months. The S
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