Insight Report 2 minutes PremiumJC 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: The Generative AI Playbook: Six Quick Wins Presented at the AI Summit New York 2023Innovator Profile: Wink Provides Seamless Payment Experiences Leveraging BiometricsConsumer Confidence Hints at Economic Uptick: China Consumer Survey Insights2Q23 US Earnings Season Wrap-Up: A Mixed Picture Due to Weak Demand and Higher Interest Rates
