J.C. Penney sales fall short, net loss doubles; shares sink 10%

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.

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(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 (JCP) witnesses year. JC Penney (JCP) Shares Plunge on Q1 Loss & Sales Decline.. generated total net sales of $2,584 million that decreased 4.3% year over year due to 141 store.

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.

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After yesterday’s emotionally-fueled sell-off, investors can gobble up shares for less than $6.50. J.C. Penney’s shares have slumped ~40 percent from the December 8, 2016 high ($10.74), suggesting.

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Why JC Penney Is Collapsing to New 52-Week Lows. just cannot make up the difference of in-store losses versus online sales gains. J.C. Penney Co. Inc. (NYSE: JCP) has reported earnings, but.

The world’s largest chipmaker said third-quarter sales should be slightly. biggest percentage loser. shares plunged 24 percent after the electronic transaction processor indicated that full-year.

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J.C. Penney stock sinks on falling sales. J.C. Penney reported a net loss of $163 million, or 75 cents per share, on roughly $3.2 billion in sales in the first quarter of 2012.. Analysts had.

Shares of J. C. Penney Company Inc ( JCP) rallied nearly 6% on the index after the company posted narrower-than-expected fourth quarter fiscal 2013 loss followed by an upbeat outlook for fiscal 2014.

J.C. Penney Company Inc (NYSE: JCP) stock fell more than 10 percent Thursday when the company followed up a disappointing holiday sales season with an equally disappointing first quarter of 2018.

Losses At JC Penney Double, Sales Slide, As Do Shares Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers.