J.C. Penney’s 3Q Earnings Beat Estimates

November 13, 2015 3:19 PM

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J.C. Penney’s 3Q Earnings Beat Estimates

Department store operator J.C. Penney reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores.

Penney's results capped a volatile week for department stores ahead of the all-important holiday shopping season, a period that historically has accounted for about a third of their annual sales and almost 40 percent of earnings.

Also read: Is Cyber Monday sales frenzy losing steam to earlier online deals?

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