2018 QUARTERLY FINANCIALS

($ in millions, except adjusted EPS) Q1 Q2 Q3 Q4 FY2018 (thru Q3)
Total Net Sales
Comp %*
$2,584
0.2%
$2,762
0.3%
$2,635
(5.4%)

$7,999
(1.7%)
Cost of Goods Sold
% of Sales
$1,712
66.3%
$1,831
66.3%
$1,808
68.1%

$5,351
66.9%
SG&A
% of Sales
$826
32.0%
$880
31.9%
$883
33.3%

$2,589
32.4%
Adjusted EPS** ($0.22) ($0.38) ($0.52) ($1.12)

*As reported on an unshifted calendar basis

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

2017 QUARTERLY FINANCIALS1

($ in millions, except adjusted EPS) Q1 Q2 Q3 Q4 FY2017
Total Net Sales
Comp %*
$2,701
(3.5%)
$2,985
(1.3%)
$2,817
1.7%
$4,051
2.6%
$12,554
0.1%
Cost of Goods Sold
% of Sales
$1,725
63.9%
$1,932
64.7%
$1,859
66.0%
$2,692
66.5%
$8,208
65.4%
SG&A
% of Sales
$938
34.7%
$935
31.3%
$920
32.7%
$1,052
26.0%
$3,845
30.6%
Adjusted EPS** $0.01 ($0.07) ($0.35) $0.51 $0.10

*As reported on an unshifted calendar basis

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

12017 Financials are shown as adjusted for new revenue and pension accounting standards


 

FY2018 GUIDANCE*

Comparable Store Sales Down low-single digits
Free cash flow (non-GAAP)*** Positive

***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.