earnings
confidence high
sentiment positive
materiality 0.70
Penney Intermediate Q2 net income $110M vs loss last year; parent retires $475M debt
Copper Property CTL Pass Through Trust
2025-Q3 EPS reported
$0.53
- Net sales $1,417M, down 3.4% YoY; operating income swung to $126M from a $14M loss.
- Adjusted EBITDA of $177M in Q2; gross margin steady at 38.7%; credit income $65M, up $6M.
- Parent Penney Holdings LLC retired $475M long-term debt post-quarter, leaving company debt-free.
- Existing $1.75B revolver amended and extended to September 2030; $500M liquidity at Q2 end.
- Net cash from operations $26M YTD; capex $53M driven by long-term growth investments.