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J.C. Penney Co Inc To Meet Or Exceed FY 2012 EPS Guidance


Friday, 24 Feb 2012 08:00am EST 

J.C. Penney Co Inc announced that as previously announced, the Company expects fiscal 2012 earnings to meet or exceed $1.59 per share. This includes approximately $15 million of restructuring charges to complete the realignment of the Company's supply chain operations and approximately $197 million of non-cash qualified pension plan expense. Adjusted for these items, the Company anticipates that earnings will meet or exceed $2.16 per share on a non-GAAP basis. The Company expects to incur additional restructuring and management transition charges related to the simplification of its business model and will disclose the financial impact of these changes with its quarterly results at a later date. 

Company Quote

18.01
-0.78 -4.15%
17 May 2013