Insight Report 2 minutes PremiumJCPenny (JCP) 1Q16 Results: Comp Trends Favorable over the Last Few Weeks, Though Apparel Still Challenging as a Category Coresight Research May 13, 2016 Executive Summary JCPenney reported 1Q16 adjusted EPS of $(0.32) versus the consensus estimate of $(0.38). EBITDA was $176.0 million, beating the consensus of $129.1 million. Total revenues were $2.81 billion versus consensus of $2.92 billion. Comps were down 0.4% versus consensus of 3.2%. Comps were positive in February, then turned negative in March and early April before turning positive again at the end of April. Management maintained most of its prior guidance for the full year, with the exception of its expectations for gross margin, which it now expects to increase by 10–30 basis points versus 40–60 basis points previously. 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: Weinswig’s Weekly: Pioneer the Future of Retail at NextGen Commerce, a Coresight Research AI ConferenceConsumers Focus on Essentials: China Consumer Survey InsightsHead-to-Head in Global CPG: Procter & Gamble vs. UnileverGroceryshop 2024 Day Three: Best Practices for Innovation and Unified Shopping Experiences
