The company reported same-store sales were up more than 6 percent in the first quarter, exceeding its own expectations.
JC Penney said sales rose $2.8 billion, but the company is still not turning a profit. It said it lost $352 million this quarter, but that figure beat analyst estimates.
Investors took the news well, with the company’s stock rising 20 percent in after-hours trading Thursday.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.