other material
confidence high
sentiment negative
materiality 0.65
JCPenney Q1 net loss widens to $63M; revenue down 9% YoY; comparable store sales -6.3%
Copper Property CTL Pass Through Trust
- Net loss of $63M vs $17M loss in prior year; operating loss of $45M vs $1M income.
- Total revenues $1,426M, down from $1,562M; credit income fell to $58M from $73M.
- Consolidated adjusted EBITDA negative $3M; inventory down 9% YoY to $1,674M.
- Liquidity ~$1.6B; no borrowings on $1.75B revolver; long-term debt $474M.
- Master lease comparable store sales -6.3% Q1; TTM sales per sq ft $78; 127 stores.