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J.C. Penney

OverviewSuggest Edit

J. C. Penney is a department store chain. It sells predominantly family apparel, footwear, jewelry, accessories, beauty products, and home furnishings. It operates through department stores and online.

TypePublic
Founded1902
HQPlano, USMap
Websitejcpenney.com
Employee Ratings3.2More
Culture scoreCMore
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Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2020)90,000(-5%)
Revenue (FY, 2018)$12 B(-3%)
Share Price (May 2020)$0.1 (-21%)

Key People/Management at J.C. Penney

Jill Soltau

Jill Soltau

Chief Executive Officer
Brynn Evanson

Brynn Evanson

EVP, Chief Human Resources Officer
Michelle Wlazlo

Michelle Wlazlo

EVP, Chief Merchandising Officer
Jim Depaul

Jim Depaul

EVP, Stores
Therace Risch

Therace Risch

EVP, Chief Information Officer
Bill Wafford

Bill Wafford

EVP, Chief Financial Officer
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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 Revenue

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J.C. Penney's revenue was reported to be $12.02 b in FY, 2018 which is a 3.9% decrease from the previous period.
USD

Revenue (Q3, 2019)

2.5b

Gross profit (Q3, 2019)

959.0m

Gross profit margin (Q3, 2019), %

38.4%

Net income (Q3, 2019)

(93.0m)

EBIT (Q3, 2019)

(34.0m)

Market capitalization (21-May-2020)

58.6m

Closing stock price (21-May-2020)

0.1

Cash (2-Nov-2019)

157.0m

EV

5.3b
J.C. Penney's current market capitalization is $58.6 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

12.5b12.5b12.0b

Revenue growth, %

(1%)0%(4%)

Cost of goods sold

8.1b8.2b7.9b

Gross profit

4.5b4.3b4.1b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

2.8b2.9b2.9b2.7b3.0b2.8b2.7b2.8b2.7b2.6b2.6b2.5b

Cost of goods sold

1.8b1.8b1.8b1.7b1.9b1.9b1.7b1.8b1.8b1.6b1.6b1.5b

Gross profit

1.0b1.1b1.1b983.0m1.0b955.0m959.0m998.0m925.0m925.0m1.0b959.0m

Gross profit Margin, %

36%37%37%36%35%34%36%35%34%36%39%38%
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Annual
USDFY, 2016FY, 2017FY, 2018

Cash

887.0m458.0m333.0m

Prepaid Expenses

160.0m190.0m189.0m

Inventories

2.9b2.8b2.4b

Current Assets

4.1b3.4b3.0b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

415.0m429.0m183.0m363.0m314.0m185.0m181.0m182.0m168.0m171.0m175.0m157.0m

Prepaid Expenses

227.0m235.0m254.0m228.0m223.0m243.0m223.0m221.0m224.0m287.0m275.0m285.0m

Inventories

2.9b3.0b3.7b2.9b2.8b3.4b2.9b2.8b3.2b2.5b2.5b2.9b

Current Assets

3.8b3.9b4.3b3.5b3.3b3.8b3.4b3.2b3.6b2.9b2.9b3.4b
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USDY, 2019

EV/EBIT

-154.4 x

EV/CFO

-17.2 x

EV/FCF

-9.9 x

Debt/Equity

6.2 x

Debt/Assets

0.6 x

Financial Leverage

10 x
Show all financial metrics

J.C. Penney Operating Metrics

J.C. Penney's Stores was reported to be 846 in Q3, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue per Average Gross Square Foot

$121 $127 $122

Stores

1.01 k1.01 k1.01 k874 872 871 865 864 864 861 846 846

Stores (Sephora)

577 642 642

Suppliers

2.60 k3.10 k2.90 k
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J.C. Penney Acquisitions / Subsidiaries

Company NameDateDeal Size
Liz ClaiborneNovember 25, 2011
Lojas Renner S.ADecember 08, 1998
EckerdNovember 04, 1996
J. C. Penney Corporation, Inc

J.C. Penney Revenue Breakdown

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J.C. Penney revenue breakdown by business segment: 6.0% from Services and other, 7.0% from Jewelry, 9.0% from Children’s apparel, 14.0% from Home, 21.0% from Men’s apparel and accessories, 22.0% from Women’s apparel, 8.0% from Footwear and handbags and 13.0% from Women’s accessories, including Sephora

J.C. Penney Online and Social Media Presence

J.C. Penney's Trends

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J.C. Penney Company Culture

  • Overall Culture

    C

    63/100

  • CEO Rating

    C-

    63/100

  • Compensation

    D

    54/100

  • Diversity

    B

    71/100

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J.C. Penney News and Updates

May 15, 2020

J.C. Penney files for bankruptcy and plans to close a number of stores

The ailing department store will seek a new start in a very difficult retail environment.
April 14, 2020

J.C. Penney to hire advisors as it mulls options for debt: Bloomberg News

J.C. Penney Co Inc has approached consulting firm AlixPartners LLP as the U.S. retailer looks at options for managing its debt, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
March 31, 2020

J.C. Penney furloughs most of its 90,000 workers as stores remain closed until further notice

J.C. Penney Co. Inc. said Tuesday that it will furlough the majority of its store hourly workers starting April 2. The department store retailer previously announced that stores were going to be closed until April 2. Now they will be closed until further notice. A "significant portion" of corporat…
March 02, 2020

J.C. Penney adds curbside pickup to 50 locations

J.C. Penney Co. Inc. announced Monday that it is expanding its curbside pickup service, J.C. Penney Style on the Go, to 50 stores. Customers make their purchase online and call or text when they've arrived at a reserved parking spot to have a J.C. Penney associate bring the purchase to their car. T…
February 27, 2020

J.C. Penney Expects More Sales Declines, Store Closures

J.C. Penney expects continued slide in comparable store sales throughout 2020, along with store closings.
February 27, 2020

J.C. Penney shares jump after earnings beat

J.C. Penney Co. Inc. stock jumped nearly 3% in Thursday premarket trading after the department store retailer reported fourth-quarter earnings and revenue that exceeded expectations. Net income totaled $27 million, or 8 cents per share, down from $75 million, or 24 cents per share, last year. Adjus…
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 J.C. Penney Frequently Asked Questions

  • When was J.C. Penney founded?

    J.C. Penney was founded in 1902.

  • Who are J.C. Penney key executives?

    J.C. Penney's key executives are Jill Soltau, Brynn Evanson and Michelle Wlazlo.

  • How many employees does J.C. Penney have?

    J.C. Penney has 90,000 employees.

  • What is J.C. Penney revenue?

    Latest J.C. Penney annual revenue is $12 b.

  • What is J.C. Penney revenue per employee?

    Latest J.C. Penney revenue per employee is $133.5 k.

  • Who are J.C. Penney competitors?

    Competitors of J.C. Penney include Burlington Stores, Kohl's and Macy's.

  • Where is J.C. Penney headquarters?

    J.C. Penney headquarters is located at 6501 Legacy Dr, Plano.

  • Where are J.C. Penney offices?

    J.C. Penney has an office in Plano.

  • How many offices does J.C. Penney have?

    J.C. Penney has 1 office.