J.C. Penney (JCP) Tops Q1 EPS by 6c; Comps Fell 0.4%; FY16 Guidance Updated
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JCPENNEY REPORTS A 63 PERCENT INCREASE IN EBITDA TO $176 MILLION AND REAFFIRMS FULL YEAR EBITDA GUIDANCE OF $1 BILLION
May 13, 2016 7:31 AM EDTÂ Â Â Net Income improves 55 percent over the same period last year
Disciplined management and operational execution drove SG&A savings of $93 million; a 280 basis point improvement versus the same quarter last year
PLANO, Texas - (May 13, 2016) - J. C. Penney Company, Inc. (NYSE: JCP) today announced financial results for its fiscal first quarter ended April 30, 2016. Comparable sales were (0.4) % for the first quarter.
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