Company Earnings Update 2 minutesRegister for Free AccessJCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below Estimates Coresight Research May 18, 2018 Executive Summary JCPenney reported 1Q18 net sales of $2.58 billion, down 4.3% year over year and below the $2.62 billion consensus estimate. Comparable sales were up 0.2% for the period. Store closures in FY17 and unseasonal weather during the first quarter negatively impacted results. Adjusted EPS was $(0.25), versus the $(0.24) consensus estimate and up from $(0.60) in the year-ago quarter. The company revised its full-year guidance and now expects comparable sales growth of 0.0%–2.0% and adjusted EPS of $(0.07)–$0.13, compared with the consensus estimate of $0.17. 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: What’s Next for the Food Industry?: Insights Presented at the FMI Midwinter Executive Conference 2024US Consumer Tracker Extra: Seasonal Shopping, 2Q23—Easter, Mother’s Day, Father’s Day and Holiday 2023US and UK Retail Bankruptcies Latest, June 2023Amazon Apparel US Consumer Survey 2023—Infographic: Understanding Amazon Fashion and Why Consumers Choose It