JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! | |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:37 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! Business Insider‏@businessinsider DISASTER: JC PENNEY SAME STORE SALES PLUMMET 32% [link to read.bi] |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:38 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! zerohedge‏@zerohedge JCP's same store sales down 32% is apparently part of the Ackman master plan 4 min zerohedge‏@zerohedge JCP implosion: EPS -$1.95, Exp.- $0.19. Just needs to expand that multiple a little |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:41 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! The company announced an adjusted loss per share of $1.95, way below expectations of a much smaller loss of $0.24 per share. Revenues came in at $3.88 billion. Analysts were looking for $4.08 billion. Same-store sales were down 32 percent in the fourth quarter. Shares are down 8 percent in after-hours trading. Below is the full text from the release: PLANO, Texas, Feb. 27, 2013 -- J. C. Penney Company, Inc. (JCP) today announced financial results for its fiscal fourth quarter and full year ended February 2, 2013. For the quarter, jcpenney reported a net loss of $552 million or $2.51 per share. Excluding restructuring and management transition charges and non-cash primary pension plan expense, the Company`s adjusted net loss for the quarter was $427 million or $1.95 per share. For the year, jcpenney reported a net loss of $985 million or $4.49 per share. Excluding markdowns related to the alignment of inventory with the Company`s new strategy, restructuring and management transition charges, non-cash primary pension plan expense and the net gain on the sale or redemption of non-operating assets, the Company`s adjusted net loss for the year was $766 million or $3.49 per share. A reconciliation of GAAP to non-GAAP financial measures is included in the schedules accompanying the consolidated financial statements included with this release. Ron Johnson, chief executive officer of jcpenney said, "Sales and customer traffic were below our expectations in 2012, but as we execute our ambitious transformation plan, we are pleased with the great strides we made to improve jcpenney`s cost structure, technology platforms and the overall customer experience. We have accomplished so much in the last twelve months. We believe the bold actions taken in 2012 will materially improve the Company`s long-term growth and profitability." Johnson continued, "Looking ahead, we are energized by our shop roll out plans for 2013 and the exciting work our teams are undertaking to transform the store. Combining a new marketing campaign focused on style and value, incredible new brands and updated merchandise, with continued enhancements to the customer experience both in our stores and on jcp.com, we are working towards reconnecting with our core customer while attracting new customers to jcpenney." Read more: [link to www.businessinsider.com] |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28870983 United States 02/27/2013 04:44 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:44 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 35262155 United States 02/27/2013 04:47 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! Talk about a no-brainer in the failure department. Probably has a big bloated bureaucracy. Resistant to change. Where is the internet presence? Sears is on the same track. The walking dead. Can't blame Unions for this. |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:47 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23296293 United States 02/27/2013 04:52 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! Know you know why. J.C. Penney Releases Father's Day Ad Featuring Two Gay Dads [link to finance.yahoo.com] |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:53 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23296293 United States 02/27/2013 04:53 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 04:54 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! Know you know why. Quoting: Anonymous Coward 23296293 J.C. Penney Releases Father's Day Ad Featuring Two Gay Dads [link to finance.yahoo.com] Are they crazy??? |
Anonymous Coward User ID: 23296293 United States 02/27/2013 04:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 05:03 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! Emily Chang‏@emilychangtv Groupon expects operating loss of up to $10 million in Q1 via @BloombergNews 11 minEmily Chang‏@emilychangtv Groupon reports $638 million in Q4 revenue but loss of 12 cents/share, shares diving down 15% via @BloombergNews. 11 minDominic Chu‏@The_Domino Groupon tanking aftermarket -18% now...4Q EPS -$0.05 vs $0.03 est, sales $638M vs. $640M est, sees 1Q sales $560-$610 vs. $648M est $GRPN 13 minBloomberg News‏@BloombergNews BREAKING: Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15% |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 05:06 PM Report Abusive Post Report Copyright Violation | Re: JC PENNEY REVENUES MISS AT $3.88 BILLION (Est. $4.08 B)!!! Groupon sees 1Q revenue $560-$610 million, est. $647.7 million; shares fall 15%!!! Business Insider‏@businessinsider LIVE: JCPenney CEO Ron Johnson Tries To Explain His Disastrous Quarter by @KimBhasin [link to read.bi] |
Anonymous Coward User ID: 34837866 United States 02/27/2013 05:11 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 05:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 25683631 Portugal 02/27/2013 05:15 PM Report Abusive Post Report Copyright Violation | |