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J.C. Penney Company (JCP) Stronger-than-expected Holiday-sales, Sonic Corp (SONC) Drives-into Profits

Arnu Owens
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Shares of J. C. Penney Company, Inc. (NYSE:JCP) surged in after-hours trading on Tuesday, following a preliminary update on the Company`s performance for this holiday season.

For the combined nine-week November and December period, JCP reported comparable store sales growth of 3.7% over the same period last year, and now expects to report fourth quarter comparable store sales at the upper end of its previous guidance range of 2 to 4%.

According to the Company, its highest priority over the last year has been to restore profitable sales growth at JCP, and this holiday season was instrumental in that effort. JCP believes the work it is doing will fuel the continued growth of its business.

JCP is one of the nation’s largest apparel and home furnishing retailers

Keep a close eye on Sonic Corp. (NASDAQ:SONC) . The company achieved a solid performance on its financial results.

For the first quarter fiscal 2015, SONC posted net income of $10.1 million or $0.18 per diluted share, versus net income of $8.2 million or $0.14 per diluted share in the same period the prior year, and system same-store sales increased 8.5%, which was comprised of an 8.5% same-store sales increase at franchise drive-ins and an increase of 7.9% at SONC drive-ins.

According to its business outlook, SONC expects its initiatives to drive earnings per share growth in fiscal year 2015 at the high end or slightly above its long-term 14% to 20% earnings per share growth target, versus adjusted EPS in fiscal year 2014

SONC’s SONIC(R), America’s Drive-In(R), is the nation’s largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day.

Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet

The company is currently developing its CRWE Network ( ), a growing network of community targeted sites.

It has recently included Modesto, the county seat and largest city of Stanislaus County, California ( to the CRWE Network.

Located in the Northern California, Modesto is one of the greatest agricultural areas in the the Unites States. Major agricultural products include: dairy products, nuts, fruits, wine grapes, and poultry products.

The City of Modesto had an estimated population in 2013 (U.S. Census Bureau) of 204,933, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally

The CRWE Network has reached the 1487th community website in the U.S., associated with 3456 ZIP Codes, and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.

The CRWE-PR Business Directory portal ( ) is the company’s business directory service that is available to all United States and Canada business in the public and private sector. It allows business owners and executives the ability to claim their business listings and provide more detailed information for their potential customers who visit the CRWE Network everyday.

Disclaimer: This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance

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