JC Penney yanks earnings outlook because of coronavirus

United States News News

JC Penney yanks earnings outlook because of coronavirus
United States Latest News,United States Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

The department store chain announced Friday morning that it is not providing an updated outlook at this time.

Earlier in the week, on Wednesday, Penney said it would close all of its stores across the country until April 2, at least, to try to help halt the spread of the new

. It did not clarify whether or not it would be paying workers during this time. A spokesperson declined to comment.Penney "believes it is in the best interest of its customers, stockholders, partners and associates to remain focused solely on the operations of the business," it said in an SEC filing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‎Coronavirus Daily: Why US Coronavirus Cases Are About To Rise Dramatically on Apple Podcasts‎Coronavirus Daily: Why US Coronavirus Cases Are About To Rise Dramatically on Apple PodcastsHere's why White House officials expect the number of coronavirus cases to climb dramatically in the coming days 👇
Read more »

Coca-Cola withdraws 2020 outlook amid coronavirus pandemicCoca-Cola withdraws 2020 outlook amid coronavirus pandemicCoca-Cola on Friday said that it does not expect to meet its financial outlook for 2020 due to the impact of the coronavirus pandemic.
Read more »

How U.K. Film Critics are Navigating Coronavirus: ‘My Earnings Potential Evaporated Overnight’How U.K. Film Critics are Navigating Coronavirus: ‘My Earnings Potential Evaporated Overnight’As studios and distributors continue to pull the theatrical releases of their films, and cinemas nationwide close their doors to the public, what becomes of film criticism in the time of coronaviru…
Read more »

Prada’s Full-Price Strategy Drives Progress in 2019Prada’s Full-Price Strategy Drives Progress in 2019The luxury house posted gains in profits and sales, but the coronavirus outbreak is clouding the business outlook.
Read more »

Songs About Coronavirus Are About to Become Big BusinessSongs About Coronavirus Are About to Become Big Business“La Cumbia Del Coronavirus,” “Coronavirus,” and “Corona Virus” are all over Spotify’s viral charts in Spanish-speaking countries
Read more »



Render Time: 2025-03-09 04:40:45