The retail train wreck concluded on Friday with Nordstrom's (JWN) and JC Penney (JCP) finishing the week off. Shares of JCP ended nearly 14% lower to $4.55, and JWN finished lower by almost 11% to $41.20. JWN reported results on Thursday, May 11th, after the close of trading, and JCP reported results the morning of May 12th, before the open. 

For the first quarter of 2017, JCP reported total net sales declined 3.7% from a year ago to $2.706 billion, while operating expenses surged by 9.2% to $1.088 billion. JCP reported a total net loss of $180 million, down from a loss of $68 million y/y. On an adjusted basis the company reported Non-GAAP net income of $19 million or $0.06, which was an improvement from a net loss of $97 million or -$0.32 a y/y. Analysts had been looking for the company to report revenue of $2.772 billion, and a loss per share of $0.23. (For more, see also: J.C. Penney to Close Up to 140 Retail Stores.)

JCP also noted comparable store sales for the quarter fell by 3.5%, down from 0.4% a year ago. 

For 2017, JCP reaffirmed its outlook and noted it is looking at comparable store sales to -1 % to +1 %, or flat at the mid-point. It is also expecting adjusted EPS to be in a range of $0.40 to $0.65, or $0.53 at the mid-point. Analysts are expecting the company to report full-year EPS of $0.50. 

JWN reported total revenue for the fist quarter of $3.354 billion, up from $3.249 billion y/y. The company reported net earnings of $63 million, up from $46 million a year ago. EPS for the quarter came to $0.37 per diluted share, up from $0.27 last year. The $0.37 EPS includes a $0.06 charge related to a $650 million debt refinancing, bringing the total EPS to $0.43. Analysts had been looking for the company to report EPS $0.26 and revenue of $3.286 billion. (For related reading, see: 2017: The Year of Retail Bankruptcies.)

The company also noted comparable sales were down 0.8%, vs. a decline of 1.7% last year.

For the full-year 2017, the company is looking for revenue to increase by 3 to 4% and flat comparable sales. The company expects EPS in a range of $2.75 to $3.00, or $2.88. Analysts were looking for revenue $15.04 billion and EPS of $2.99. 

The SPDR S&P Retail ETF (XRT) finished the week down almost 3%. While Macy's (M) was down 18.5%, Kohl's (KSS) was down just over 9%, and Dillard's (DDS) almost 19%. 

JCP Price Chart

JCP Price data by YCharts Inc. (AMZN) put together a solid week, up nearly 3%. 

AMZN Price Chart

AMZN Price data by YCharts

The retailer must be looking forward to a new week. 

All Analyst Estimates Provided by YCharts 

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