|Bid||1.270 x 21500|
|Ask||1.280 x 21500|
|Day's Range||1.050 - 1.330|
|52 Week Range||1.050 - 4.750|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.58|
Walmart, JCPenney, Victoria’s Secret, Lockheed Martin and Uber Eats are the companies to watch.
Ryan McQueeney covers the latest Brexit drama and the state of retail stocks after the industry's latest sales data and earnings from Walmart and J. C. Penney. Later, the host talks to Dave Bartosiak about how investors should play Nvidia's upcoming earnings report.
Department store operators J.C. Penney Co Inc and Dillard's Inc reported disappointing third-quarter results, casting a gloom on the retail sector, despite strong results from the world's largest retailer Walmart Inc. Walmart was down 2 percent.
J.C. Penney withdrew its profit guidance and lowered its sales expectations for the year, leading to a big drop in its stock in early trading before shares recovered. Sales at stores open at least a year, a key gauge of a retailer's health, declined 5.4 percent during the third quarter. J.C. Penney's poor performance is an outlier at a time when the strong economy is helping retailers from Walmart to Home Depot.
JCPenney (JCP) disappointed investors yet again when it reported its fiscal 2018 third-quarter results (for the period that ended on November 3) on November 15. JCPenney’s net sales fell 5.8% to $2.65 billion in the quarter. JCPenney’s top line results were in contrast to those of Macy’s (M), which reported a 2.3% rise in its third-quarter net sales and same-store sales growth of 3.1% on an owned basis.
The department store giant on Thursday reported that comparable sales plunged 5.4 percent in the third quarter from a year earlier. The company slashed its full-year comparable sales guidance and withdrew its earnings guidance as its new CEO, Jill Soltau, races to understand the chain’s problems and to craft a new strategy. For example, the appliance category was singled out as one that underperformed the companywide comparable sales figure in the quarter.
Shares in the troubled department store chain dived 14 percent in early trade before recovering to gain just over 2 percent, as new Chief Executive Jill Soltau gave the first indications of her plans to turn a profit and avoid becoming the next big U.S. retail casualty. Sales at J.C. Penney stores open for over a year fell 5.4 percent in the quarter ended Nov. 3 versus a 0.6 percent decline forecast by analysts, and the company said they would now fall in the low single digits for the full year. J.C. Penney has struggled for years to excite consumers with its mid-priced range of apparel, style-conscious millennials instead choosing fast-fashion brands and online stores.
Analysts remain on the sidelines about Kohl’s (KSS) ahead of its upcoming third-quarter results on November 20. For the third quarter, analysts expect the company’s net sales to grow 0.8% to $4.37 billion. The stock has seen just one target price change in the last 15 days.
In her first earnings report as CEO, Jill Soltau said she will continue to work with J.C. Penney’s team to put the company back on a path to profitability.
The department-store chain, which has been aggressively trying to get the right mix of merchandise in stores, reported a sales contraction in its latest quarter. Shares initially fell as much as 14 percent to $1.05 in New York after the earnings report -- the lowest intraday level in decades -- before erasing the loss and briefly turning positive. The stock, which had fallen 61 percent this year through Wednesday’s close, was down 0.4 percent as of 10:58 a.m. in New York.
U.S. stocks fell on Thursday as a batch of weak earnings and Brexit-related concerns sparked a sixth day of selling, with high-growth stocks such as Amazon.com Inc and Facebook Inc taking a hit. Ten of ...
plunged Thursday after it posted disappointing same-store sales figures that highlight the retailer's struggles in a competitive market that has already pushed Sears Holdings into Chapter 11 bankruptcy despite a surge in consumer sentiment and spending. JC Penney said sales at stores open for more than a year fell 5.4% in the group's third quarter, which ended on November 3, pushing the Plano, Tx.-based department store chain to a wider-than-expected loss of 48 cents a share. "Our objective to put JCPenney back on a path to profitable growth is clear.
Kohl’s (KSS) is scheduled to announce its third-quarter results on November 20. Analysts expect adjusted EPS growth of 37.1% to $0.96 for the third quarter. Lower tax and share repurchases will likely result in strong bottom-line numbers.
U.S. stocks were set for a mixed open on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in Facebook Inc. Shares in Walmart Inc, the world's largest retailer, rose 0.3 percent in premarket trading after the company beat quarterly comparable sales estimates. Shares in rival J.C. Penney Co Inc slumped 12.3 percent after quarterly comparable-store sales fell short of analysts' estimates.
Shares of J.C. Penney fell in premarket trading after the retailer’s comparable-store sales in the latest quarter came in significantly lower than analysts’ estimates.
Penney (JCP) delivered earnings and revenue surprises of 8.77% and -2.79%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?
Kohl’s (KSS) is scheduled to announce its third-quarter results on November 20. Analysts expect Kohl’s to report net sales growth of 0.8% to $4.37 billion in the third quarter. Kohl’s digital sales are gaining strong momentum and should keep adding to its top-line numbers. The company’s second-quarter digital sales rose in the mid-teens.
J.C. Penney Co. Inc. shares sank nearly 11% in Thursday premarket trading after the department store retailer reported third-quarter sales missed that expectations. J.C. Penney reported a loss of $151 million, or 48 cents per share, after a loss of $125 million, or 40 cents per share, last year. Adjusted losses were 52 cents per share ahead of the 56-cents-per-share loss FactSet forecast. Sales totaled $2.65 billion, down from $2.82 billion last year and below the $2.76 billion FactSet guidance. Same-store sales fell 5.4%, well below the 0.7% decline FactSet expected. J.C. Penney now expects same-store sales for fiscal 2018 to be down low-single digits, compared with previous guidance for flat same-store sales. J.C. Penney shares have tumbled more than 61% for the year to date while the S&P 500 index has gained 1.1% for the period.
J.C. Penney in October filled its vacant CEO role with Jill Soltau, former CEO of Joann Stores. Soltau came after a string of executive departures, including former J.C. Penney CEO Marvin Ellison and CFO Jeffrey Davis.
PLANO, Texas, Nov. 15, 2018 -- J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal third quarter ended Nov. 3, 2018. Comparable sales.
Investing.com – Canada Goose soared Wednesday after reporting a blowout second quarter, but retailers continued to nurse losses following a slump in Macy's.