Company Earnings Update 2 minutesRegister for Free AccessJCPenney (JCP) 2Q18 Results: Earnings Miss, Net Sales Negatively Impacted by Store Closures; Company Lowers Guidance Coresight Research August 17, 2018 Executive Summary JCPenney reported 2Q18 net sales of $2.76 billion, down 7.5% year over year and below the $2.81 billion consensus estimate. Adjusted EPS was $(0.32), down from $(0.15) from the year-ago quarter and below the $(0.05) consensus estimate. Comparable sales were up 0.3% for the period. Children’s, jewelry, Sephora, women’s apparel and salon were the company’s top performing divisions and categories during the quarter. The company lowered its full-year guidance and now expects adjusted EPS of $(1.00)–$(0.80), from previous guidance of $(0.07)–$0.13 and the $0.04 consensus estimate. Comps are now expected to be flat, versus previous guidance for growth of 0.0%–2.0% 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: Navigating Digital Transformation in Retail: Infographic—Europe in FocusWeinswig’s Weekly: Let Me Be Brief—The Implications of Declining Attention SpansJanuary 2023 US Housing Market Indicators: Total Home Sales Fall SharplyEarnings Insights 4Q23, Week 5: Bath & Body Works, TJX Companies and Urban Outfitters See Sales Growth; Best Buy, Lowe’s and Others See Sales Decline