** charts before earnings **
** charts after earnings **
- 6 days later: NR
J. C. Penney reports narrower-than-expected loss, revs in-line; reaffirms guidance :
- Reports Q3 (Oct) loss of $0.45 per share, $0.10 better than the Capital IQ Consensus of ($0.55); revenues rose 4.8% year/year to $2.9 bln vs the $2.88 bln Capital IQ Consensus.
- As previously announced, same store sales increased 6.4% for the period.
- Gross margin +70 bps y/y to 37.3%.
- Reaffirms 2015 guidance for comparable store sales to increase 4%-5%, and for gross margin to improve 100 to 150 basis points.
- For the quarter, all merchandise divisions had positive comp sales gains overlast year. Men's, Home, Footwear, Handbags, and Sephora were among the Company'stop performing divisions.
- Geographically, all regions experienced sales growthcompared to the same period last year, with the best performance in the southernand western regions of the country.
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