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Bill Ackman Investment JC Penney Reports Underwhelming Second-Quarter Earnings

August 10, 2012 | About:
Holly LaFon

Holly LaFon

254 followers
J.C. Penney (JCP), the retailer investor Bill Ackman is trying to reinvent, reported a loss in the second quarter and a decline in sales. It has dropped its expectations for full-year 2012, but expects a return to profitability in 2013:



The earnings press release is here.


Rating: 3.6/5 (5 votes)

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