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J.C. Penney (JCP): Q4 EPS of -$0.24 misses by $0.06. Revenue of $3.884B misses by $200M. The...

Wednesday, February 27, 4:34 PM ET
J.C. Penney (JCP): Q4 EPS of -$0.24 misses by $0.06. Revenue of $3.884B misses by $200M. The firm's video earnings call is scheduled for 5:00 PM EST. JCP -8.1% AH. (webcast; call transcript) (PR)

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This news story has 10 comments:

Teutonic Knight Comments (1869)

So what is 'wrong' with JCP? Too much competition, or buyers staying away from this particular outfit, or consumers stressed as the Sequester about to be turned on?

Black Swan!

27 Feb, 06:08 PM Reply Like

Chris DeMuth Jr. Comments (1751)

What a catastrophe. For further reading on a quirky research tool on JCP:

http://seekingalpha.co...

27 Feb, 06:58 PM Reply Like

TonyDavis Comments (3)

Mr Johnson is a good merchant, for sure.When he was with AAPL, things were good but he had the company with a great franchise and Steve Jobs and the combo was just fine. As per JCP--well it may be too late. First of all, the bricks and mortar segment is flooded with capacity--maybe 50% too much. Store with in a store is nice, but it is not ground breaking--it has been around in the market for a long time. JCP needs ground breaking. He is trying to bring a retro dino into the mainstream--it may not be enough. In addition to what he is trying, he needs a big new high risk catalyst--or else JCP might be better offf as a big dollar store idea.

27 Feb, 07:21 PM Reply Like

OldTimer-AL Comments (6)

Johnson is too stubborn to learn anything from his mistakes, as evidenced by his upbeat comments on a Q-4 DISASTER.
JCP is no APPL, & determination to stay the course. How can a CEO say it may not be; " Q-1,Q-2,Q-3 or Q-4 of 2013? The board appears willing to let him sink this company, as Home Depot almost did.
No exclusive cutting edge products not also available at other department stores. Customers happy shopping with coupons & sales their entire lives, are effectively labeled "idiots". Core conservative customers are "thrown away", and a new customer base is supposed to magically materialize. No need to "test" the overall concept in limited markets & tweak prior to betting the company.
I wonder if the board members were personally liable to make up the losses, if Ron Johnson would still be CEO? My wife was a life-long JCP shopper. She has not been in a JCP since last fall! That tells it all for me!

27 Feb, 07:47 PM Reply Like