Company Earnings Update 2 minutesRegister for Free AccessJCPenney (JCP) 1Q17 Results: March/April Comps Improved After a Tough February Coresight Research May 15, 2017 Executive Summary JCPenney reported 1Q17 adjusted EPS of $0.06 versus the consensus estimate of $(0.21). Total revenues decreased by 3.7%, to $2.7 billion from $2.8 billion in the year-ago quarter. Comps were down 3.5% versus consensus of (0.6)%. Comps improved in March and April by 600 basis points compared with a “very challenging” February, according to the company. Management also noted an improvement in trends in the women’s apparel category, particularly in active apparel and dresses. Management reiterated its prior guidance for the full year. The company expects adjusted EPS of $0.40–$0.65 versus the consensus estimate of $0.65. The company expects full-year comps of (1)%–1%, a gross margin increase of 20–40 basis points and SG&A to be down 1%–2% on a dollar basis versus FY16. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Earnings Insights 2Q24, Week 5: Ross Stores, Target and TJX Among the Companies Reporting Sales Growth This WeekWeekly US and UK Store Openings and Closures Tracker 2024, Week 38: US Store Closures Climb Nearly 50% Year Over YearUS CPG Sales Tracker: Food & Beverages Category Supports Sustained Mid-Teens CPG E-Commerce GrowthUS and UK Retail Bankruptcies Latest, August 2023: Wilko Administration Bucks UK Discount Growth Trend