>>
Home / Knowledge / News / Fashion / JC Penney reports EPS up 66% & Q1 operating sales climbs 37 to 7.5% for 2005

JC Penney reports EPS up 66% & Q1 operating sales climbs 37 to 7.5% for 2005

18
May '05
American's largest fashion retailer JC Penney Company Inc first quarter earnings per share from continuing operations increased 66 percent to $0.63 per share from $0.38 per share in last year's period. On a dollar basis, income from continuing operations increased to $172 million from $118 million last year.

Earnings per share increased primarily as the result of continued improvement in sales productivity, growth in gross margin and leverage of SG&A expenses, and also benefited from the company's ongoing stock buyback program. Net income for the quarter was $0.63 per share compared to $0.13 per share last year.

Myron E. (Mike) Ullman, III, Chairman and Chief Executive Officer said, "Our first quarter performance demonstrates that the fundamentals of our business continue to improve, driven by the positive response of the moderate customer to our merchandise, marketing and shopping experience initiatives. Operating profit increased significantly, and we are pleased that despite difficult comparisons to last year, we delivered increased sales."

Ullman added, "Our vision is to become the preferred shopping choice for middle America, a customer segment that continues to show that it is resilient and rewards retailers that meet or exceed customers' expectations. We believe that we have identified the initiatives that can make this vision a reality and have the team in place to execute our recently announced 2005 to 2009 Long-Range Plan. Our Plan is focused on making an emotional connection with the customer, creating an easy and exciting shopping environment, becoming a leader in performance and execution, and making JCPenney a great place to work -- and we believe it will drive continued growth for the company."


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

T.T. Limited
Lululemon Athletica Inc
Guess Europe Sagl,
Lifestyle
Aquarelle Clothing Limited
Babyshop
Alison Hayes Romania
Tory Burch Hong Kong Ltd
Calvin Klein
Gokaldas Exports Limited
John Varvatos
Phong Phu international JSC (PPJ)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sportswear Company Spa
Benetton Group
The LYCRA Company Singapore  Pte. Ltd
Esprit Europe Services GmbH
Lenzing Aktiengesellschaft
International Textile Manufacturers Federation
Sateri (Jiujiang) Fiber Co.,Ltd
Grasim Industries Limited
Etam Group Strategy Hong Kong Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Asos
KAS Direct Sourcing
OVS Hong Kong Sourcing Ltd.
NITI Aayog
Permoda(Koaj/Armi/Pronto/Bkul)
THE BOMBAY DYEING ;& MFG.CO. LTD
Rayonese Textile Inc., Division de Culp Inc.
Bluestem Global Sourcing Limited
PVH Corporation
Eastman Chemical Company
BIMBA ;& LOLA SL
SHAHI Exports Pvt Ltd
Lisa S.P.A.
Huntsman (Singapore) Pte Ltd
J ;& P Coats
Tommy Hilfiger
KIABI
Tchibo GmbH
Chori Company Limited
Seasalt Limited
TESCO INTERNATIONAL SOURCING LIMITED
Aramark Uniform ;& Career Apparel, LLC
Maceton Limited
Page Industries Limited (Bangalore)
Under Armour Global Sourcing Ltd
Decathlon
Varner AS Retail
MAS Active / MAS Kreeda / MAS Bodyline
Helly Hansen Far East Ltd
Desigual - ABASIC, S.A.
Chico’ FAS
Brandix Lanka Limited
Recron Polyester from Reliance Industries Limited
Amazon China
Hela Clothing Pvt Ltd
Abit
Gloria Jeans
SYNERGIES HONG KONG LIMITED
Sportmaster Ltd.
Puma
Truetzschler India Private Limited
Splash
Target Corporation (MN)
C;&A Sourcing International Ltd
Landmark Group
Walmart
Alix Partners
BIANCA
Cat Tuong Real Estate Group Joint Stock Company
IKEA of Sweden AB
IDH – The Sustainable Trade Initiative
G-Star Raw C.V.
Restoque S.A.
Groz-Beckert East Asia LLP
Reiter India Private Limited
The Top Form Brassiere Manufacturing Company Limited
Gap International Sourcing Limited
Hirdaramani International Export Private Limited
Vardhman Textile Ltd
Gatsby Africa
Midas Clothing Limited
Lacoste (Wanchai)
Vianney Textil Hogar S.A. De C.V.
LC Waikiki
H;&M Hennes ;& Mauritz (Far East) Ltd
Arvind Limited
Green Fibre

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search