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

In our QTR department business, we expect strong double-digit sales growth in 2017. was not planned for legal by J.C. Penney [ph] the brands owner. Our GAAP net loss for the quarter is $400,000 or.

The volume of stock shares issued by the company and in the hands of the public. This number entails how much is being traded in the open market. A decreasing shares outstanding over time may be the result of company buybacks. Companies frequently make stock buybacks and retire those buybacks as.

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For investors wondering if J.C. Penney will sink or. Make or Break Time for J.C. Penney. J.C. Penney brought in $12.98 billion in sales, but suffered a net loss of $985 million along with an.

Third quarter results – 2014 J.C. Penney Year to date, the comparable store sales were up 4.3% compared to the first 3 quarters of 2013. Overall, revenue was hit short just a little. below industry.

J.C. Penney Co Inc warned it could post a loss for the year after sales at established stores increased at a much slower pace than Wall Street had expected, as unusually cool weather in April hit.

May 21 (Reuters) – 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.

The sale of J.C. Penney’s flagship product, women’s clothing, was experiencing an unmistakable downturn. And while analysts had earlier estimated a loss of stock value that amounts to 18 cents to a dollar for the third quarter of 2017, J.C. Penney in its announcements had hinted that the loss could reach as high up to as 40 cents to a dollar.

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(Reuters) – 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.

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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.