Company Earnings Update 4 minutesRegister for Free AccessJCPenney (NYSE: JCP) 2Q19 Results: Revenues Down, Improves Inventory Position, Launches Partnership with ThredUp in 30 Stores Coresight Research August 16, 2019 Executive Summary JCPenney reported fiscal 2Q19 net sales of $2.51 billion, lower than the consensus estimate of $2.64 billion, and down 9.2% year over year. The company reported adjusted 2Q19 EPS of $(0.18), better than the year-ago period of $(0.38) and higher than the consensus estimate of $(0.31). Comparable sales decreased 9.0% for the quarter compared to the consensus estimate of down 5.1%. The company reaffirmed its guidance to be cash flow positive for fiscal year 2019. The company expects comparable sales to in a range of (7.0)%-(8.0)%. 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: Combating Inflation—Low-Income and Younger Shoppers Trade Down and Buy Less: US Consumer Survey Insights ExtraThree Data Points We’re Watching This WeekWeekly US and UK Store Openings and Closures Tracker 2024, Week 7: Pandora Announces Store Expansion PlansE-Commerce Outlook: US Department Stores—Digital Slows as Consumers Shop in Stores