J.C. Penney Reports 2% Rise In June Comparable-Store Sales, Shares Drop In Pre-Market

J.C. Penney Co Inc JCP reported a 2% rise in its June comparable-store sales. Analysts were expecting a 2.3% rise in comparable-store sales. The retailer's total sales for the five weeks ended July 2 dropped 0.3% to $1.55 billion. JCP shares dropped 3.19% to $33.10 in pre-market trading. Read more from Benzinga's Company news.