JCPenney outlook conservative

Plano, Texas – JCPenney today said it expects to generate earnings per share for the current fiscal year of about $1.55. That’s just off EPS of $2.57 two years ago but would represent a solid rebound from the $1.58 it posted in the recently concluded fiscal.

Gross margin rate is expected to be flat compared with 2009. The retailer forecast a comp increase in the low single digit, with a sales increase 30 to 50 basis points lower than the comp.

For the first quarter, JCPenney is looking for earnings per share from 16 cents to 20 cents as gross margin rate inclines slightly compared to last year’s 1Q. Comps are expected to be flat to slightly positive, with sales 30 basis points lower.



Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

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