earnings
confidence high
sentiment negative
materiality 0.70
JCPenney Q2 net sales down 8.2% to $1.30B; net income $54M vs $110M
Copper Property CTL Pass Through Trust
- Q2 total net sales $1,301M vs $1,417M; total revenues $1,364M vs $1,482M.
- Q2 net income $54M vs $110M; H1 net loss of $11M vs income $41M.
- Comparable store sales down 4.7% in Q2 and 3.1% TTM; 198 stores.
- Liquidity $800M, no revolver borrowings; gross margin 39.2%.
- Launched JCPenney Marketplace; synergy activities expected to exceed targets.