Company Earnings UpdateJCPenney (NYSE: JCP) 1Q19 Results: Revenues Down, Missing Consensus, Management Reducing and Enhancing Inventory Position Coresight Research May 22, 2019 Executive Summary JCPenney reported fiscal 1Q19 revenues of $2.44 billion, lower than the consensus estimate of $2.48 billion, and down 5.6% year over year. The company reported 1Q19 EPS of $(0.46), lower than the consensus estimate of $(0.39). Comparable sales decreased 5.5% for the quarter compared to the consensus estimate of (4.2)%. The company expects to be cash flow positive for fiscal year 2019. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Weakens, Driven by Middle-Income Consumers: US Consumer Survey InsightsNextGen 2025: Retail, Real Estate & the New Consumer—AgendaAgentic Commerce: How Retailers Can Employ OpenAI’s Agentic Commerce Protocol To Unleash a True AI Shopping AgentAmazon Prime Day India 2025: Preview—Capitalizing on E-Commerce Momentum; Unlocking Small-Town Potential Through Speed and Value
