1.0601 -0.01 (-0.93%)
After hours: 7:46PM EST
|Bid||1.0700 x 36100|
|Ask||1.0800 x 28000|
|Day's Range||1.0100 - 1.1000|
|52 Week Range||0.5300 - 1.9200|
|Beta (3Y Monthly)||1.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.89|
J.C. Penney shares surge after the retailer reported a narrow quarterly loss for Q3. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the company’s decline in sales, despite beating the markets expectations.
Yahoo Finance's Adam Shapiro highlights today's top trending stories.
Yahoo Finance’s Brian Sozzi, Alexis Christoforous, and Scott Game discuss the latest retail sales numbers, and JC Penney’s recent earnings report.
Moody's rating action reflects a base expected loss of 4.6% of the current pooled balance, compared to 4.1% at Moody's last review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
Kohl's earnings fell more than expected, with the department store chain slashing full-year guidance. Shares plunged. Macy's and Nordstrom fell ahead of their earnings reports.
Kohl's posted weaker-than-expected third quarter earnings Tuesday, and lowered its full-year profit guidance, as the struggling retailer continues to add bottom-line gains from its turnaround plans.
Ben Rains breaks down what's going on in the retail world after Walmart impressed Wall Street last week. We then dive into what investors need to know about Home Depot, Target, and Macy's ahead of earnings...
Weak comps adversely impacts J. C. Penney's (JCP) top-line performance in third-quarter fiscal 2019. However, management remains on track with the turnaround efforts.
Retail investors will get a good overview this week of what’s working, and what’s not, when Home Depot, Lowe’s, Target, Macy’s, J.C. Penney, and TJX all report quarterly earnings.
J.C. Penney Co. Inc. stock closed up 6.4% on Friday after narrower-than-expected losses and an upbeat earnings call filled with ideas about how to turn around the business, but GlobalData Retail still thinks it’s an uphill battle for the struggling department store retailer to return to growth. “It finally seems to have a leader that understands retail and knows the direction the company needs to take,” wrote Neil Saunders, managing director at GlobalData. On the call, Jill Soltau, J.C. Penney’s (JCP) chief executive, talked up a number of new initiatives, including a new store in Texas that uses a different logo and groups merchandise according to the occasion.
Macy's and other department stores have not been able to find success or inspire much Wall Street confidence. Can it turn things around in Q3?
JCPenney has been making major changes with its stores to see what makes consumers tick. And the renovations seem to have squelched some of the pain points for the retailer.
U.S. stocks swept to fresh records as investors turned more bullish on a trade deal with China and focused on rosy consumer data. The Dow Jones Industrial Average closed about 222 points, 0.8%, higher, just above 28,000. The S&P 500 jumped 24 points, 0.8%, to close at about 3,120. The Nasdaq was about 62 points, 0.7%, higher at the close, at 8,541. Shares of J.C. Penney Co. Inc. jumped after beating earnings expectations for the recent quarter.
Benzinga Pro's Stocks To Watch For Friday JC Penney (JCP) - Posted mixed Q3 results and said is expecting FY19 adjusted EBITDA over $475 million. Year-over-year comps were down 9.3% for the quarter. The ...
October Retail Sales and Import Prices were decent, while November's Empire State Index and Industrial Production and Capacity Utilization were weaker than expected.
(Bloomberg) -- J.C. Penney Co. shares surged after the company raised its profit forecast, even amid another quarterly sales decline, as the battered department-store chain’s turnaround plan gains more time to play out.Excluding some items, earnings before interest, taxes, depreciation and amortization will exceed $475 million this year, up from a previous forecast of between $440 million and $475 million. The chain also posted a drop in inventory in the third quarter, a sign its struggles with buildups of unpopular merchandise is easing. For more on the results, click here.Key InsightsJ.C. Penney’s report shows it’s making progress in improving its operations, and that cheered investors. “We are beginning to see results -- both in our numbers and how we operate as a business,” Chief Executive Officer Jill Soltau said in a statement.Still, same-store sales, a key retail metric, fell 9.3% last quarter. That’s worse than the average projection for a decline of 8.3%, according to Consensus Metrix. With foot traffic falling and five straight drops in comparable sales, the chain is testing new store formats and in-store experiences. New Commerce Department figures show U.S. retail sales rebounded in October, though categories including clothing and furniture posted declines.This holiday season is especially critical for the retailer, and Soltau said on a conference call that “it really is the first step of us connecting differently with our customers.” Among new features is its partnership with the Hallmark channel, which runs holiday-related programming, and Santa photo ops at its in-store portrait studios.Soltau also said the company has no plans to alter the number of stores in its fleet. With a number of retailers across the industry paring back locations, investors are paying close attention to decisions regarding store counts.The retailer reported liquidity of about $1.7 billion for the quarter, and reaffirmed its expectation for $1.5 billion of liquidity at the end of the year.Market ReactionThe shares jumped as much as 12% in New York Friday, the biggest intraday gain in more than a month. The stock had gained 5.8% this year through Thursday’s close.For the company statement, click here.(Adds CEO comments and updates share trading.)\--With assistance from Katherine Doherty.To contact the reporter on this story: Jordyn Holman in New York at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, Jonathan Roeder, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of the embattled retailer were up more than 18% in premarket trading after management disclosed the latest financial results.
Penney (JCP) delivered earnings and revenue surprises of 45.45% and -1.14%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
The S&P 500 and Dow Jones indexes were set to hit fresh record highs at the open, as upbeat comments related to U.S.-China trade talks and strong earnings from semiconductor industry bellwether Applied Materials helped lift the mood. White House economic adviser Larry Kudlow said late on Thursday that the world's two largest economies were getting close to a trade agreement, citing what he called very constructive talks with Beijing about ending a 16-month trade war.