J.C. Penney

Retail clothing department stores ecommerce furniture home improvement pharmacy

J. C. Penney Company, Inc. (doing business as JCPenney) is an American department store chain. The major portion of the Company's business consists of providing merchandise and services to consumers through department stores, catalog departments, and the Internet. Department stores, catalog and the Internet generally serve the same customers, have virtually the same mix of merchandise and the majority of catalog sales are completed in department stores. In addition, department stores accept returns from sales initiated in department stores, catalog and by the Internet. The Company markets predominantly family apparel, jewelry, shoes, accessories, and home furnishings. In addition, the Company, through its subsidiary, Eckerd Corporation, operates a chain of drugstores located throughout the Southeast, Sunbelt, and Northeast regions of the United States.

Revenue(FY, 2016)

$12.5 B

Market capitalization(2018-06-18)

$867.4 M

Stores(FY, 2017)

1 K

Type

Public

Plano, US

Founded

1902

Size (employees)

106,000 (est)

Website

jcpenney.com

J.C. Penney was founded in 1902 and is headquartered in Plano, US

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Key People/Management at J.C. Penney

Katheryn Burchett

SVP, Real Estate and Property Development

Andy Drexler

SVP, Chief Accounting Officer and Controller

Jodie Johnson

SVP, GMM, Footwear, Handbags and Intimate Apparel

Pam Mortensen

SVP, GMM, Fine Jewelry and Accessories

Janet Link

EVP, General Counsel

Michael Amend

EVP, Omnichannel

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J.C. Penney Office Locations

J.C. Penney has an office in Plano

Plano, US (HQ)

6501 Legacy Dr

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J.C. Penney Financials and Metrics

J.C. Penney Financials

J.C. Penney's revenue was reported to be $12.55 b in FY, 2016 which is a 0.6% decrease from the previous period.

Summary

USD
Revenue (Q3, 2018)	2.8 b
Gross profit (Q3, 2018)	955 m
Gross profit margin (Q3, 2018), %	34%
Market capitalization (18-Jun-2018)	867.4 m
Closing share price (18-Jun-2018)	2.8
Cash (28-Oct-2017)	185 m
EV	4.7 b

J.C. Penney's current market capitalization is $867.4 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	13 b	11.9 b	12.6 b	12.5 b
Revenue growth, %		(9%)	6%	(1%)
Cost of goods sold	8.4 b	8 b	8.1 b	8.1 b
Gross profit	4.6 b	3.9 b	4.6 b	4.5 b

Quarterly

USD	Q3, 2013	Q3, 2014	Q2, 2014	Q1, 2014	Q2, 2015	Q1, 2015	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Revenue	2.8 b	2.8 b	2.8 b	2.8 b	2.9 b	2.9 b	2.9 b	2.8 b	2.9 b	2.9 b	2.7 b	3 b	2.8 b
Cost of goods sold	2 b	1.8 b	1.8 b	1.9 b	1.8 b	1.8 b	1.8 b	1.8 b	1.8 b	1.8 b	1.7 b	1.9 b	1.9 b
Gross profit	819 m	1 b	1 b	926 m	1.1 b	1 b	1.1 b	1 b	1.1 b	1.1 b	983 m	1 b	955 m
Gross profit Margin, %	29%	37%	36%	33%	37%	36%	37%	36%	37%	37%	36%	35%	34%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	1.5 b	1.3 b	900 m	887 m
Current Assets	4.8 b	4.3 b	4 b	4.1 b
Total Assets	11.8 b	10.4 b	9.4 b	9.3 b
Short-term debt	650 m

Quarterly

USD	Q3, 2013	Q3, 2014	Q2, 2014	Q1, 2014	Q2, 2015	Q1, 2015	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Cash	1.2 b	684 m	1 b	1.2 b	973 m	1 b	638 m	415 m	429 m	183 m	363 m	314 m	185 m
Inventories													(588 m)
Current Assets	5.3 b	4.4 b	4.3 b	4.4 b	4.4 b	4.3 b	4.7 b	3.8 b	3.9 b	4.3 b	3.5 b	3.3 b	3.8 b
Total Assets	11.9 b	11.2 b	11.1 b	11.3 b	10.2 b	10.2 b	10.6 b	9.1 b	9.2 b	9.6 b	8.6 b	8.3 b	8.7 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(1.4 b)	(771 m)	(513 m)	1 m
Inventories	(594 m)	283 m	(69 m)	(133 m)
Cash From Investing Activities	(789 m)	(142 m)	(296 m)	(316 m)
Long-term Borrowings	(256 m)	(412 m)	(520 m)	(2.3 b)

Quarterly

USD	Q3, 2013	Q3, 2014	Q2, 2014	Q1, 2014	Q2, 2015	Q1, 2015	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Net Income													(128 m)
Depreciation and Amortization	161 m	156 m	160 m	158 m	153 m	154 m	152 m	154 m	153 m	149 m	145 m	144 m	131 m
Inventories	(592 m)	(510 m)	(13 m)	100 m	(194 m)	(159 m)	(664 m)	(204 m)	(56 m)	(710 m)	(95 m)	172 m	(588 m)
Cash From Operating Activities												402 m	(239 m)

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Ratios

USD	Y, 2017
EV/CFO	-19.8 x
EV/FCF	-14.1 x
Revenue/Employee	26.5 k
Financial Leverage	8.1 x

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J.C. Penney Operating Metrics

J.C. Penney's Stores was reported to be 1 k in FY, 2017.

	FY, 2015	FY, 2016	FY, 2017
Revenue per Gross Square Foot	$113	$120	$121
Stores	1.06 k	1.02 k	1.01 k
Stores (Sephora)	500	518	577
Suppliers	2.40 k	2.30 k	2.60 k

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J.C. Penney Revenue Breakdown

Business Segment

Embed Graph

J.C. Penney revenue breakdown by business segment: 6.0% from Jewelry, 10.0% from Children’s apparel, 13.0% from Home, 22.0% from Men’s apparel and accessories, 24.0% from Women’s apparel, 8.0% from Footwear and handbags, 13.0% from Women’s accessories, including Sephora and 4.0% from Other

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