trending Market Intelligence /marketintelligence/en/news-insights/trending/ppeDAnBtR1PJHin2WE8eBA2 content esgSubNav
In This List

J.C. Penney fiscal Q3 loss narrows YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


J.C. Penney fiscal Q3 loss narrows YOY

J.C. Penney Co. Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to a loss of 47 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 81 cents per share.

The per-share loss narrowed 59.7% year over year from $1.18.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $145.0 million, compared with a loss of $296.9 million in the prior-year period.

The normalized profit margin increased to negative 5.1% from negative 10.7% in the year-earlier period.

Total revenue totaled $2.76 billion, compared with $2.78 billion in the year-earlier period, and total operating expenses declined 8.3% from the prior-year period to $2.89 billion from $3.15 billion.

Reported net income totaled a loss of $189.3 million, or a loss of 62 cents per share, compared to a loss of $488.5 million, or a loss of $1.94 per share, in the prior-year period.