Kohl's, J.C. Penney also tumbled after disappointing results. with Nordstrom Inc. , J.C. Penney Co. and Kohl's Corp. posting sales declines Tuesday. Same-store sales, a key gauge of retail success, missed projections at both J.C.. The weaker-than-expected results come toward the end of what's been a.
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May 21 (Reuters) – J.C. Penney Co Inc reported a steeper-than-expected drop in quarterly comparable-store sales on Tuesday, hit by the exit from selling major appliances and in-store furniture.
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PLANO, Texas – J.C. Penney Co. Inc. reported a steeper-than-expected fall in quarterly comparable-store sales on Tuesday, taking a hit from not selling major appliances and in-store furniture, sending its shares down 10 percent in early trading. The company said exiting those categories cut comparable sales by 20 basis points.
J.C. Penney. a -1% YOY drop, while a solid -25% reduction in GAAP opex helped the company to deliver $0.64 in adjusted EPS that beat consensus $0.61. Credit: Huff Post On the outlook for FY17, J.C..
According to data from Thomson Reuters, May same-store sales fell 4.8 percent compared. N) also reported steeper-than-expected drops in sales, and their shares fell.. N) and JC Penney (JCP.. Earlier on Thursday it said it would add more than 22,000 jobs this year at its stores in the United States.
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. 2.4% comparable sales drop in the first half of fiscal 2017. The company saw same-store sales gain of 2.6% in the fourth quarter, which assisted it to post a tiny 0.1% comparable sales improvement.
(Reuters) – Same-store sales fell more than expected at J.C. Penney. 12 months fell 5.5% in the first quarter, its sixth straight quarterly drop.
May 21 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.
. were mixed, with some chains performing better than expected, and some worse.. JC Penney's earnings came in below Wall Street estimates, while its same-store sales fell 1.3% YoY, slightly steeper than expectations of a 1.2% drop .. The same-store sales increase was driven by a 3.7% bump at its.
Department stores troubles rise on Penney’s, Kohl’s results NEW YORK (AP) – The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they struggled at the start of the year.Tyler Technologies Reports Earnings for First Quarter 2019 Tyler Technologies, Inc. today announced financial results for the first quarter ended March 31, 2019. First quarter 2019 financial highlights: total revenues were $247.1 million, up 11.7% from.