Categories AlphaGraphs, Earnings, Retail

J. C. Penney Company, Inc. Q4 2017 earnings snapshot

J. C. Penney today reported earnings for its holiday quarter, reflecting marginal gains in sales, impacted by lower promotional activity and inventory reductions. Sales climbed 1.7% to $4.03 billion compared to $3.96 billion a year earlier.

Profit, meanwhile, had a benefit of $75 million for the quarter from the recent US tax reform, pushing profit to $254 million or $0.81 per share. Conversely, on an adjusted basis, earnings per share declined 10.9% to $0.57 per share.

Comparable sales for the retailer was up 2.6% for the quarter and increased 0.1% for full year 2017.

Outlook

For full-year 2018, Penney expects comparable store sales to be in the range of 0% to 2%, while adjusted EPS is expected to be in the range of $0.05 to $0.25.

J. C. Penney CEO said in the quarterly report that the company will intensify its market share efforts in Appliances, Mattresses and Furniture, while continuing to take steps to modernize its apparel assortment and omni-channel.

J. C. Penney Q4 2017 earnings results

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top