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

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J C Penney Company Inc (JCP) Shares Drop on Weak Quarter. – 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.

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J.C. Penney, struggling through a transition that has caused sales to crater, said its loss for the quarter widened sharply, to $552 million, or $2.51 a share, from $87 million, or 41 cents a year.

(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.

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J.C. Penney’s (NYSE:JCP) shares have been kicked to the curb this year as investors started to fear the impact of store closures on the company’s sales and earnings trajectory.J.C. Penney has.

J.C. Penney sales fall short, net loss doubles; shares sink. By Melissa Fares and Uday Sampath Kumar. May 21 (Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first.

J.C. Penney Co. Inc. jcp, -1.83% share sank 8.8% in Thursday premarket trading after the retailer reported first-quarter sales that fell and the company cut its earnings guidance. J.C. Penney had.

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.

The sale of J.C. Penney’s flagship product, women’s clothing, was experiencing an unmistakable downturn. And while analysts had earlier estimated a loss of stock value that amounts to 18 cents to a dollar for the third quarter of 2017, J.C. Penney in its announcements had hinted that the loss could reach as high up to as 40 cents to a dollar.

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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J.C. Penney reported better-than-expected sales growth, citing strength in all of its merchandise divisions, but shares fell amid concerns about holiday spending by consumers.

(Reuters) – 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.