JCPenney Holiday comparable sales up, reaffirms FY15 guidance

J. C. Penney Company’s comparable store sales for the combined nine-week November and December period resulted in a 3.9 percent increase over the same period last year, which equates to a 7.6 percent two-year stack of comparable store sales for the same time period. The company also reaffirmed its full-year adjusted EBITDA target of 645 million dollars and plans to generate positive free cash flow in fiscal 2015.