Troubled retailer J.C. Penney Co Inc (NYSE:JCP) said comparable sales in the third quarter were unchanged from last year as sales of warm clothing slowed in September and October due to unseasonably warm weather.
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The company's shares were down 2.4 percent at $7.59 in extended trading on Wednesday.
The slowdown in same-store sales comes after three quarters of growth as the company tries to recover from a botched effort to move upmarket in 2012.
The company, however, said it expects same-store sales to rise 2-4 percent in the holiday shopping quarter.
Analysts on average were expecting third-quarter same-store sales growth of 2.8 percent, according to Consensus Metrix.
J.C. Penney managed to narrow its quarterly loss by 61 percent to $188 million, or 62 cents per share, as it cut back on discounts and reined in costs.
Excluding items, the company posted a loss of 77 cents per share.
Margins improved to 36.6 percent in the third quarter ended Nov. 1 from 29.5 percent a year earlier.
Revenue fell slightly to $2.76 billion.
Analysts on average were expecting a loss of 93 cents per share on revenue of $2.78 billion, according to Thomson Reuters I/B/E/S.
(Reporting by Ramkumar Iyer in Bangalore and Nathan Layne in Chicago; Editing by Don Sebastian)