On Tuesday, Shares of J C Penney Company Inc (NYSE:JCP), showed no change to $9.79.
J C Penney Company, declared recently a magical new line of Disney apparel for toddlers and preschoolers under the Okie Dokie® brand, available only at JCPenney. Disney apparel by Okie Dokie® is an exclusive collection of playful, mix-and-match separates featuring Disney artwork and is available on jcp.com and in all JCPenney stores started Oct. 2. The collection debuts with apparel featuring artwork from Frozen, Cinderella and The Good Dinosaur, Disney·Pixar`s new animated film in theaters this Thanksgiving.
Disney apparel by Okie Dokie features clothing for toddlers and young children in sizes 2T to 7. The assortment comprises long sleeve tees, fleece hoodies, pants, leggings, dresses, tutus and more featuring characters from The Good Dinosaur, Elsa and Anna from Frozen in addition to Cinderella. Disney apparel by Okie Dokie can be found in the children`s department and will be updated each season with beloved Disney characters.
- C. Penney Company, Inc. (JCPenney) is a holding company. The Company’s operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company’s business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices.
Shares of PepsiCo, Inc. (NYSE:PEP), inclined 1.32% to $97.05, during its last trading session.
PepsiCo, stated organic revenue growth of 7.4 percent and core earnings per share of $1.35 for the third quarter.
Summary of Third Quarter Financial Performance:
- Organic revenue grew 7.4 percent and stated net revenue declined 5 percent. Foreign exchange translation had a 12-percentage-point unfavorable impact on stated net revenue.
- Core gross margin and core operating margin expanded 120 basis points and 60 basis points, respectively. Operating margin improvement reflects the implementation of effective revenue administration strategies and productivity initiatives, partially offset by raised advertising and marketing expense as a percent of sales. Stated gross margin expanded 115 basis points while stated operating margin declined 785 basis points, primarily reflecting the Venezuela charges.
- Core constant currency operating profit raised 12 percent. Stated operating profit declined 50 percent and reflects the Venezuela charges, unfavorable foreign exchange translation, a charge to write off the recorded value of the Tingyi-Asahi Beverages Holding Co. Ltd. (TAB) call option, a pension-related settlement benefit, restructuring charges, and the mark-to-market net impact on commodity hedges.
- Company’s core effective tax rate was 24.6 percent, which compares to 24.2 percent in the prior-year quarter. The stated effective tax rate was 54.5 percent, above the prior-year quarter of 24.0 percent, primarily due to the impact of the Venezuela charges.
- Core EPS was $1.35 and stated EPS was $0.36. Core EPS excludes $0.92 per share of Venezuela charges, a $0.05 charge to write off the recorded value of the TAB call option, $0.03 per share related to restructuring charges, a $0.01 mark-to-market net impact on commodity hedges, partially offset by a $0.02 benefit for a pension-related settlement.
PepsiCo, Inc. (PepsiCo) is a global food and beverage company. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), which includes its food and snack businesses in Latin America; PepsiCo Americas Beverages (PAB), which includes its North American and Latin American beverage businesses; PepsiCo Europe (Europe), which includes beverage, food and snack businesses in Europe and South Africa, and PepsiCo Asia, Middle East and Africa (AMEA), which includes beverage, food and snack businesses in AMEA, excluding South Africa.
Shares of CBL & Associates Properties, Inc. (NYSE:CBL), inclined 2.16% to $14.21, during its last trading session.
CBL & Associates Properties, declared that it will host the Ultimate Santa Adventure at Oak Park Mall – A DreamWorks DreamPlace is a captivating and interactive Santa adventure for the entire family that is set to open to the public on Saturday, November 7. DreamWorks Animation, the global family entertainment brand known for award-winning storytelling and industry leading innovation, has chosen Oak Park Mall in Overland Park, KS, part of the greater Kansas City market, as one of the premier locations around the world during the 2015 holiday season to feature this experience.
Ultimate Santa Adventure – A DreamWorks DreamPlace is a first of its kind holiday experience that starts with Shrek and ends with Santa, seamlessly blending storytelling with cutting-edge technology. Appointments can be made through the web, allowing families to enjoy Oak Park Mall before or after embarking on an unforgettable adventure.
CBL & Associates Properties, Inc. (CBL) is a self-managed, self-administered, fully integrated real estate investment trust (REIT). The Company owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, outlet centers, associated centers, community centers and office properties.
Finally, Duke Realty Corp (NYSE:DRE), ended its last trade with -0.25% loss, and closed at $19.89.
Duke Realty Corp, will hold its quarterly conference call to discuss third quarter results on Thursday, October 29th, 2015, at 3:00 p.m. Eastern Time. Duke Realty will release its Third Quarter 2015 earnings on Wednesday, October 28th, after market close.
Duke Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company operates in four segments: industrial, office, medical office real estate investments and service operations.
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