Categories Earnings, Retail

JC Penney Company (NYSE: JCP) Q4 2019 Earnings Snapshot

— JC Penney Company Inc. (NYSE: JCP) reported adjusted net income of $43 million or $0.13 per share for the fourth quarter of 2019, compared to $57 million or $0.18 per share last year. Analysts expected a loss of $0.06 per share.

JC Penney Company (NYSE: JCP) Q4 2019 Earnings Snapshot

— Unadjusted net income was $27 million or $0.08 per share, compared to $75 million or $0.24 per share a year earlier

— Total net sales decreased 7.7% annually to $3.38 billion from $3.67 billion in the fourth quarter of 2018, vs. $3.44 billion expected

— Comparable store sales dropped 7% during the three-month period, while adjusted comparable store sales dipped 4.7%

— Expects comparable store sales to decline between 3.5% and 4.5% in fiscal 2020

— Expects cost of goods sold, as a rate of net sales, to improve by 100-130 basis points in 2020

— Looking for 5-10% year-over-year increase in full-year adjusted EBITDA; expects free cash flow to be positive

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

MU Earnings: Micron’s Q4 profit declines but beats estimates

Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted

What are Philip Morris’ (PM) anticipations for the near term?

Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

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