J. C. Penney reports 2017 holiday comps +3.4% YoY; reaffirms FY18 guidance (year ending Jan 2018) (3.70)
"We are also pleased by our e-commerce business that continues to outpace prior year results with double-digit sales growth, largely driven by sought-after gifting categories such as fine jewelry, home decor and luggage, toys, boots and athletic footwear. Our ability to execute e- commerce fulfillment from 100% of our brick and mortar stores helped fuel the growth in e-commerce for the holiday season."
FY18 guidance reaffirmed (guided on Oct 27): Comparable store sales: expected to be -1.0 % to 0.0 %. Cost of goods sold: expected to be up 100 to 120 basis points versus 2016.