J. C. Penney (JCP) reported a first quarter adjusted loss of $1.31 after the close Thursday. The consensus estimate was for a loss of $0.86. Total sales came in at $2.64 billion, a decline of 16.4 percent from the prior year. Same-store sales declined by 16.6 percent.
J. C. Penney traded in a range for the majority of Thursday's session and closed down by 0.18 at $18.79. The stock is now down 0.34 on 708K shares after the bell.
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Business News
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.