Company Earnings UpdateJCPenney (JCP) 1Q18 Results: New Sales Negatively Impacted by Store Closures, Company Results Below Estimates Coresight Research May 18, 2018 Executive Summary JCPenney reported 1Q18 net sales of $2.58 billion, down 4.3% year over year and below the $2.62 billion consensus estimate. Comparable sales were up 0.2% for the period. Store closures in FY17 and unseasonal weather during the first quarter negatively impacted results. Adjusted EPS was $(0.25), versus the $(0.24) consensus estimate and up from $(0.60) in the year-ago quarter. The company revised its full-year guidance and now expects comparable sales growth of 0.0%–2.0% and adjusted EPS of $(0.07)–$0.13, compared with the consensus estimate of $0.17. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Financial Confidence Improves: Weekly US Consumer Sentiment, Week 25, 2025—InfographicAnalyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikPersonal Financial Sentiment Hits Six-Month Low: Weekly US Consumer Sentiment, Week 48, 2025—Data GraphicAmazon Prime Day 2025: Preview—Five Essential Insights on Consumers’ Shopping Plans
