JCPenney Q2 net sales fall 8.9% to $1.47B; net loss of $33M vs profit $36M a year ago

Copper Property CTL Pass Through Trust

Total net sales $1,467M, down from $1,610M; net loss $33M vs net income $36M in Q2 2023.
Adjusted EBITDA of $29M for six months ended August 3, 2024, reflecting margin improvements offset by sales declines.
Liquidity approximately $1.7B at period end; no outstanding borrowings on $1.75B revolving credit facility.
Gross profit rate improved 70bps to 39.4%; inventory down 2% YoY.
Comparable store sales for Master Lease properties decreased 7.7% for fiscal Q2 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.