RON JOHNSON: 'I Take Personal Responsibility' For All The Mistakes At JCPenney

JCPenney's Q4 earnings announcement is out, and the numbers are catastrophic.

The company announced an adjusted loss per share of $1.95, far below expectations of a loss of $0.24 per share.

Revenues came in at $3.88 billion. Analysts were looking for $4.08 billion.

Q4 same-store sales were down 32 percent.

JCPenney will be hosting its conference call with analysts at 5:00 PM EST.

Updates below: