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

Net loss for the quarter was $154 million or ($0.48) per share.. For the first quarter ended May 4, 2019, total net sales decreased 5.6 % to $2.44 billion compared to $2.58 billion for the quarter ended.. Comparable store sales increase/(decrease) (1), (5.5, )%, 0.2, %. Cash short-term investments, 11, 11.

(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.

Sears Shares Sink In 2018, J. C. Penney closed permanently at Plaza Palma Real in Humacao, Puerto Rico, after Hurricane Maria devastated the store in September 2017. In May 2018, J. C. Penney reported an adjusted loss of $69 million in the first quarter, even worse than Wall Street predicted, and lowered its projections for the year.

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 reported net sales for the second quarter fell 7.5% to $2.76. a net loss of $101 million, or 32 cents a share, more than doubling.

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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.

Several retailers stocks fell by double digits in early morning trading. stores are also struggling to grow sales amid. J.C. penney sales fall short, net loss doubles; shares sink. By Melissa Fares and Uday Sampath Kumar. May 21 (Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first.

J.C. Penney hits new all-time low as sales and profit sink.. J.C. Penney Shares Hit All-Time Low as Turnaround Fails.. So far this year, Penney has had a net loss of $242 million, almost.

(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 shares sink after wider-than-expected loss. Net loss totaled $154 million, or 48 cents per share, after a loss of $78 million, or 25 cents per share, last year.. Sales at Kohl.

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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.