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Jan. 9, 2020, 7:43 a.m. EST

J.C. Penney holiday season comparable store sales sink

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By Tonya Garcia

J.C. Penney Co. Inc. /zigman2/quotes/204684963/lastsale JCP -4.00% stock fell 3.3% in Thursday premarket trading after the struggling retailer said comparable store sales for the nine weeks ending Jan. 4, 2020 fell 7.5%. Adjusted to take into account the department store chain's exit from the appliance and in-store furniture categories, comparable store sales fell 5.3%. Still, J.C. Penney maintained its fiscal 2019 guidance for a comparable store sales decline in the range of 7% to 8%. Adjusted for the aforementioned category exits, the company expects comparable store sales to fall 5% to 6%. Kohl's Corp. /zigman2/quotes/210414114/lastsale KSS -2.28% and Macy's Inc. /zigman2/quotes/201854387/lastsale M -6.90% also announced holiday season comparable store sales declines, though not as steep. J.C. Penney stock is down 10.5% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -3.37% is up nearly 26% for the period.

/zigman2/quotes/204684963/lastsale
US : U.S.: NYSE
$ 0.38
-0.02 -4.00%
Volume: 5.95M
March 27, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$128.39 million
Rev. per Employee
$126,516
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/zigman2/quotes/210414114/lastsale
US : U.S.: NYSE
$ 17.55
-0.41 -2.28%
Volume: 8.30M
March 27, 2020 6:30p
P/E Ratio
3.99
Dividend Yield
16.05%
Market Cap
$2.79 billion
Rev. per Employee
$156,814
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/zigman2/quotes/201854387/lastsale
US : U.S.: NYSE
$ 5.53
-0.41 -6.90%
Volume: 26.14M
March 27, 2020 6:30p
P/E Ratio
3.06
Dividend Yield
0.00%
Market Cap
$1.84 billion
Rev. per Employee
$197,992
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/zigman2/quotes/210599714/realtime
US : S&P US
2,541.47
-88.60 -3.37%
Volume: 3.59B
March 27, 2020 5:12p
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