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J. C. Penney Company, Inc. Message Board

  • kellyf646@gmail.com kellyf646 Nov 1, 2013 1:40 PM Flag

    Penney (JCP) are on the move after ITG Investment Research published a note this morning boosting its revenue and same-store sales forecast for the beaten down retailer.

    Barron's Online

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    • kellyf646@gmail.com kellyf646 Nov 1, 2013 1:59 PM Flag

      November 1, 2013, 12:51 P.M. ET
      JC Penney: Getting Better

      By Ben Levisohn

      Shares of J.C. Penney (JCP) are on the move after ITG Investment Research published a note this morning boosting its revenue and same-store sales forecast for the beaten down retailer.

      ITG analyst John Tomlinson explains:

      Based on our data and analysis through the first eleven weeks of the quarter, we are publishing our third JCP revenue forecast of the quarter at $2,810 million and a comparable store sales estimate of -4.0%. Our forecasts are up from a prior revenue estimate of $2,750 million and a previous comp estimate of -6.0%. The main driver to the change in our forecast is that our most recent data and analysis points towards much improved Y/Y sales growth during week 11, which was a strong rebound from the weak sales trends we had observed during week 10.

      Tomlinson raised his third-quarter sales forecast as “the company has started building sales momentum that should likely continue through the rest of the fiscal month of October.”

      *****

      • 1 Reply to kellyf646
      • kellyf646@gmail.com kellyf646 Nov 2, 2013 12:18 PM Flag

        November 1, 2013, 12:51 P.M. ET
        JC Penney: Getting Better

        By Ben Levisohn

        Shares of J.C. Penney (JCP) are on the move after ITG Investment Research published a note this morning boosting its revenue and same-store sales forecast for the beaten down retailer.

        ITG analyst John Tomlinson explains:

        Based on our data and analysis through the first eleven weeks of the quarter, we are publishing our third JCP revenue forecast of the quarter at $2,810 million and a comparable store sales estimate of -4.0%. Our forecasts are up from a prior revenue estimate of $2,750 million and a previous comp estimate of -6.0%. The main driver to the change in our forecast is that our most recent data and analysis points towards much improved Y/Y sales growth during week 11, which was a strong rebound from the weak sales trends we had observed during week 10.

        Tomlinson raised his third-quarter sales forecast as “the company has started building sales momentum that should likely continue through the rest of the fiscal month of October.”

        *****

    • the store near me has been packed on the weekends. this weeks flyer has outerwear which I have been waiting on. the weather is turning much colder after this weekend. this should pop at least to $9.65

      Sentiment: Strong Buy

    • who is next to boost revenue, before its an after the fact boost by company earnings................

 
JCP
9.15+0.06(+0.66%)Jul 22 4:01 PMEDT