J.C. Penney Co. Inc. (JCP), Thursday reported first-quarter net loss of $348 million or $1.58 per share, wider than $163 million or $0.75 per share in the comparable quarter last year.
Excluding items, loss for the quarter widened to $289 million or $1.31 per share from $55 million or $0.25 per share a year ago.
On average, 10 analysts polled by Thomson Reuters expected a loss of $0.86 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the latest first quarter decreased 16.4 percent to $2.64 billion from $3.15 billion in the prior year, while nineteen analysts on consensus expected revenues of $2.70 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.