J.C. Penney (JCP) suffered an earnings loss but posted strong third-quarter sales that beat expectations, the company reported Friday.
The retailer reported revenue of $2.90 billion, up from $2.76 billion in the year-ago quarter and beating estimates for $2.86 billion. Sales at stores open at least a year increased 6.4%, with particular success in sales of men's, home, footwear, handbags and the company's in-store Sephora outposts.
Also read: J. Crew Plans to Cut 250 Jobs