2019 QUARTERLY FINANCIALS

($ in millions, except adjusted EPS) Q1 Q2 Q3 Q4 FY2019
Total Net Sales
Comp %*
$2,439
(5.5%)
$2,509
(9.0%)
-–––-–– -–––-–– $4,948
(7.3%)
Cost of Goods Sold
% of Sales
$1,630
66.8%
$1,585
63.2%
-–––-–– -–––-–– $3,215
65.0%
SG&A
% of Sales
$856
35.1%
$870
34.7%
-–––-–– -–––-––   $1,726  
34.9%
Adjusted EPS** ($0.46) ($0.18) -–––-–– -–––-–– ($0.64)

*As reported on an unshifted calendar basis. An explanation of shifted vs. unshifted comps is available on our investor relations site at ir.jcpenney.com

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

2018 QUARTERLY FINANCIALS

($ in millions, except adjusted EPS) Q1 Q2 Q3 Q4 FY2018
Total Net Sales
Comp %*
$2,584
(1.8)%
$2,762
(1.2%)
$2,653
(4.5%)
$3,665
(4.0%)
$11,664
(3.0%)
Cost of Goods Sold
% of Sales
$1,712
66.3%
$1,831
66.3%
$1,808
68.1%
$2,519
68.7%
$7,870
67.5%
SG&A
% of Sales
$826
32.0%
$880
31.9%
$883
33.3%
$1,007
27.5%
$3,596
30.8%
Adjusted EPS** ($0.22) ($0.38) ($0.52) $0.18 ($0.94)

*Reflects the calendar shift in 2018 due to the 53rd week in 2017

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