By  on February 24, 2017
J.C. Penney

Can J.C. Penney Co. further its turnaround?

The company turned profitable last year for the first time since 2010, has set plans to close 130 to 140 stores this year to create a more productive fleet, and is planning conservatively. Comparable-store sales for 2017 are expected to range from negative 1 to plus 1 percent, while adjusted earnings per share are seen coming in at 40 cents to 65 cents a share, compared to 8 cents last year.

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