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: April 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain NegativeUS Store Tracker Extra, August 2023: Retailers To Open 78 Million Square Feet of New Retail Space This YearThree Data Points We’re Watching This WeekBed Bath & Beyond: Which Retailers Are Set To Capture Market Share?
