Company Earnings Update 3 minutesRegister for Free AccessJCPenney (NYSE: JCP) 4Q18 Results: Revenues Down, Comps Down, Closing 18 Full-Line Stores in 2019 Coresight Research March 1, 2019 Executive Summary JCPenney 4Q18 revenues were $3.67 billion, down 9.5% year over year, below the consensus estimate of $3.72 billion. The company reported 4Q18 adjusted EPS of $0.18, down 64.7% from last year and above the consensus estimate of $0.11. On a shifted basis, comparing sales for the weeks ending Feb 2, 2019, with the weeks ending Feb 3, 2018, comparable sales decreased 4%. On an unshifted basis, comparable sales decreased 6.0%, and for the full year, comparable sales decreased 3.1%. The company plans to close 18 full-line stores and nine ancillary home and furniture stores in 2019. The company expects to be cash flow positive for fiscal year 2019. 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: Powering the Retail Revolution: Insights Presented at RetailNext Executive Forum 2023Research Preview: Market Navigator—US HealthcareShoptalk 2023 “Shark Reef” Startup Pitch Competition: Recap—12 Innovators, Two WinnersWeekly US and UK Store Openings and Closures Tracker 2023, Week 21: UK Closures Up 59%