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Sergey Savastiouk's Avatar
published in Blogs
Aug 16, 2018
TickeronGET DAILY SIGNALS

J.C. Penney Struggles With Losses

For the quarter ending August 4, J.C. Penney posted losses worse than expected.

The department store chain reported a loss of $0.32 per share for the fiscal second quarter, compared to the Wall Street estimate of a $0.05 loss per share. For the full year, the company now expects a loss in the range of 80 cents to $1 per share, excluding some items –  a downgrade from its previous per share estimates in the range of 7 cents loss to 13 cents profit.

J.C. Penney's free cash flow was negative $235 million for the first half of the fiscal year.

 

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published General Information

General Information

a retailer of mens and womens clothing

Industry DepartmentStores

Profile
Fundamentals
Details
Industry
Department Stores
Address
6501 Legacy Drive
Phone
+1.972.431.1000
Employees
90000
Web
http://www.jcpenney.com
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