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

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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Comments (10)
  • Teutonic Knight
    , contributor
    Comments (3461) | Send Message
    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 2013, 06:08 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (10651) | Send Message
    What a catastrophe. For further reading on a quirky research tool on JCP:


    27 Feb 2013, 06:58 PM Reply Like
  • TonyDavis
    , contributor
    Comments (6) | Send Message
    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 2013, 07:21 PM Reply Like
  • OldTimer-AL
    , contributor
    Comments (22) | Send Message
    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 2013, 07:47 PM Reply Like
  • Value Added
    , contributor
    Comments (465) | Send Message
    I would agree, JCP has alienated their core conservative base. Moreover, they seem to have a disdain for those customers.
    28 Feb 2013, 03:12 AM Reply Like
  • OldTimer-AL
    , contributor
    Comments (22) | Send Message
    Retired self-directed investor.
    27 Feb 2013, 07:48 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
    Is Ackman still holding JCP?
    27 Feb 2013, 10:23 PM Reply Like
  • Petrarch
    , contributor
    Comments (1126) | Send Message
    Ackman is long JCP and short HLF
    If you have your money in his fund you should be asking for it back.
    The man is a fool.
    28 Feb 2013, 12:52 AM Reply Like
  • napatrizio
    , contributor
    Comments (2) | Send Message
    Q4 EPS is -1.95!
    28 Feb 2013, 07:05 AM Reply Like
  • KnowsALot
    , contributor
    Comments (34) | Send Message
    And now, the end is near...
    28 Feb 2013, 07:07 AM Reply Like
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