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J.C. Penney sees bigger loss than expected

The bigger-than-expected. market share loss over the next 12 months,” said morgan stanley analyst michelle clark. “We see downside risk to management’s (fourth-quarter) outlook on both the top line.

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J.C. Penney Co Inc reported a bigger-than-expected quarterly loss as a challenging retail environment continued to take a toll on its comparable sales, sending its shares tumbling 21 percent to a.

 · Six months after J.C. Penney Co. launched a new pricing plan, customers still aren’t buying it.The mid-price department store chain reported a bigger-than-expected loss.

 · J.C. Penney Inc. is expected to close 18 department stores across the country in 2019 and nine home-and-furniture locations. In 2017 the retailer closed more than 130 department stores.

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J.C. Penney Co. reported a bigger-than-expected loss in the third quarter on plummeting sales as customers continue to reject its move get rid of blockbuster sales in favor of everyday low pricing.

So far, so good for the recovering J.C. Penney. The department store retailer made a bigger dent in its first-quarter loss than analysts expected, while total sales came in a little light. Penney had.

NEW YORK – J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its.

J.C. Penney had some good news in its third quarter: a 1.7 percent increase in same-store sales that beat forecasts, and a loss that was smaller than. Last month, Penney warned the quarter would be.

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J.C. Penney reported a bigger-than-expected loss in its fiscal second quarter as a key sales metric fell well short of Wall Street’s view. The department store operator also cut its full-year.

 · Shares of JC Penney immediately sunk (nearly 7%) when the earnings report was released, but more than recovered throughout pre-market.

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J.C. Penney Co. posted a wider quarterly loss, as liquidation sales at stores it closed during the period weighed on the company’s results. JCPenny Posts a Bigger-Than-Expected Loss–Update | Fox.

J.C. Penney Co. (JCP – Get Report) was down more than 25% on Thursday, Aug. 16, after the retailer reported a net loss of $101 million, or 32 cents a share, wider than the year-earlier loss of $48.

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