J.C. Penney sales fall short, net loss doubles; shares sink 10%

J.C. Penney’s net loss widened to $180 million, or 58 cents per share, in the quarter ended April 29. JC Penney Shares Hit Record Low as Its Quarterly Loss More Than Doubles Subscribe

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J. C. Penney Company, Inc.JCP reported first-quarter fiscal 2018 adjusted loss per share of 22 cents, which is in line with the Zacks Consensus.. J. C. penney generated total net sales of.

J. C. Penney Company, Inc. JCP commenced fiscal 2018 on a dismal note.. JC Penney (JCP) Shares Plunge on Q1 Loss & Sales Decline.. generated total net sales of $2,584 million that decreased.

J.C. Penney’s (NYSE:JCP) shares have been kicked to the curb this year as investors started to fear the impact of store closures on the company’s sales and earnings trajectory.J.C. Penney has.

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The sale of its stake in three properties pulled revenue down. capitaland commercial trust’s (CCT) net property income (npi) rose 2.7% YoY to %58.56m in Q3. According to its financial statement,

(Reuters) – J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price.

J.C. Penney sales fall short, net loss doubles; shares sink. Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the.

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J. C. Penney Company, Inc. (stylized as JCPenney) is an American department store chain with 865 locations in 49 U.S. states and Puerto Rico. In addition to selling conventional merchandise, J. C. Penney stores often house several leased departments such as Sephora, Seattle’s Best Coffee, salons, auto centers, optical centers, portrait studios, and jewelry repair.

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Losses at JC Penney double, sales slide, as do shares.. Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.

Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled after the retailer exited its appliance and in-store furniture businesses.