2016 QUARTERLY FINANCIALS

($ in millions) Q1 Q2 Q3 Q4 FY2016
Enterprise Sales
Comp %
$2,811
(0.4%)
$2,918
2.2%
$2,857
(0.8%)
$3,961
(0.7%)
$12,547
0.0%
Gross Margin
% of Sales
$1,018
36.2%
$1,084
37.1%
$1,062
37.2%
$1,312
33.1%
$4,476
35.7%
SG&A
% of Sales
$872
31.0%
$853
29.2%
$888
31.1%
$925
23.4%
$3,538
28.2%
EBITDA*
% Increase to 2015
$176
63.0%
$229
59.0%
$172
26.5%
$427
207.2%
$1,004
90.5%

*A reconciliation of GAAP to non-GAAP financial measures is available on our investor relations site at ir.jcpenney.com

2015 QUARTERLY FINANCIALS

($ in millions) Q1 Q2 Q3 Q4 FY2015
Enterprise Sales
Comp %
$2,857
3.4%
$2,875
4.1%
$2,897
6.4%
$3,996
4.1%
$12,625
4.5%
Gross Margin
% of Sales
$1,041
36.4%
$1,065
37.0%
$1,082
37.3%
$1,363
34.1%
$4,551
36.0%
SG&A
% of Sales
$965
33.8%
$901
31.3%
$947
32.7%
$962
24.1%
$3,775
29.9%
EBITDA* $108 $144 $136 $139 $527

*A reconciliation of GAAP to non-GAAP financial measures is available on our investor relations site at ir.jcpenney.com


 

FY2017 GUIDANCE*

COMPARABLE STORE SALES Expected to be down 1% to up 1%
GROSS MARGIN Expected to be up 20 to 40 bps vs. 2016
SG&A $ Expected to be down 1% to 2% vs. 2016
ADJUSTED EPS (non-GAAP)** Expected to be $0.40 to $0.65

*As of 02/24/2017; Fiscal 2017 is a 53-week year and is incorporated in the guidance while comparable store sales are on a 52-week basis; the guidance also includes the expected impact of store closures.

**A reconciliation of non-GAAP forward-looking projections to GAAP financial measures is not available as the nature or amount of potential adjustments, which may be significant, cannot be determined at this time.