Insight ReportJC PENNEY (JCP) 2Q 2016 RESULTS: COMPS TURN POSITIVE, SEQUENTIAL IMPROVEMENT THROUGHOUT THE PERIOD Coresight Research August 15, 2016 Executive Summary JC Penney reported 2Q 2016 EPS of ($0.05) versus consensus of ($0.14). EBITDA was $233.0 million, above consensus of $200.9 million. Comps were up 2.2%, in line with expectations. Comp trends improved sequentially throughout the period both in stores and online. Management reaffirmed its prior full-year guidance. Adjusted EPS is expected to be positive, comps are expected to increase 3% to 4%, gross margins are expected to increase 10 to 30bps, SG&A dollars are expected to decline year over year and EBITDA is projected to be $1 billion. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Aldi vs. Lidl US Store Openings: Mapping Retail Real Estate Changes with the Store Intelligence Platform—Data GraphicHow Will Tariffs Impact China’s Singles’ Day 2025? Six Months To Go—What Brands and Retailers Need to KnowAugust 2025 US Retail Sales: Growth Normalizes as July’s Promotional Boost FadesOverall Sentiment Declines Despite Rate Cut—But Higher Earners Are More Confident: US Consumer Survey Insights
