Company Earnings Update 2 minutesRegister for Free AccessJCPenney (JCP) 2Q18 Results: Earnings Miss, Net Sales Negatively Impacted by Store Closures; Company Lowers Guidance Coresight Research August 17, 2018 Executive Summary JCPenney reported 2Q18 net sales of $2.76 billion, down 7.5% year over year and below the $2.81 billion consensus estimate. Adjusted EPS was $(0.32), down from $(0.15) from the year-ago quarter and below the $(0.05) consensus estimate. Comparable sales were up 0.3% for the period. Children’s, jewelry, Sephora, women’s apparel and salon were the company’s top performing divisions and categories during the quarter. The company lowered its full-year guidance and now expects adjusted EPS of $(1.00)–$(0.80), from previous guidance of $(0.07)–$0.13 and the $0.04 consensus estimate. Comps are now expected to be flat, versus previous guidance for growth of 0.0%–2.0% 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: Groceryshop 2023 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail DisruptionFive Strategies for Success in US Grocery Retail: Leveraging First-Party Data To Offer a Connected Shopping ExperienceUS CPG Sales Tracker: Food Drives Online CPG Growth to Mid-Teens PercentageWeekly US and UK Store Openings and Closures Tracker 2023, Week 24: UK Openings Up 38%