J.C. Penney Company, Incorporated (JCP)
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Industry: Retail
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Overview
News
People
Financials
Company Information
Latest news from Portfolio
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Penney Wise?Oct 14 2008
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Bad PenneyMar 28 2008
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Retail's Class DivideDec 06 2007
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Shop Til the Deals DropNov 23 2007
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A Bad PenneyNov 15 2007
Overview
The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings to customers through department stores, internet and catalog.
Portfolio Articles
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Penney Wise?
In a gamble, J.C. Penney introduces upscale clothes for women. Will it be hammered by the recession, or catch a whole new kind of shopper looking for value?Oct 14 2008 -
Bad Penney
Retail chain slashes first-quarter outlook.Mar 28 2008 -
Retail's Class Divide
Amid soft sales, discounters and high-end stores do well.Dec 06 2007 -
Shop Til the Deals Drop
Deep discounts draw crowds, but probably not enough to rescue the season.
Nov 23 2007 -
A Bad Penney
Lowered forecast from J.C. Penney bodes ill for retailers.Nov 15 2007
News Feeds
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Your teen's first recession: Learning to cut back
AP
Dec 22 2008
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Department stores hold gains after Fed cut
AP
Dec 16 2008
Portfolio Blogs
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Morning Hemlines: Ballantyne, Luxury, Segal Beauty, Macy's, Bensimon
Oct 09 2008
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Pop Go The Sales
Jul 22 2008
Press Releases
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JCPenney Reports December Sales Jan-08-2009, 08:30AM EST
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Spencer Crain Selected for Minority & Women-Owned Law Firm Honor Jan-06-2009, 08:15AM EST
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Beacon Equity Issues Technical Trade Alerts on Retail Stocks: JCP, M, KSS, TJX, SKS, SHLD Dec-30-2008, 09:20AM EST
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JCPenney Announces Biggest after Christmas Sale Ever Dec-22-2008, 04:22PM EST
News From Around the Web
News
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JCPenney Closing Local Call Center
(ABC 10 Sacramento (KXTV))Jan 09 2009 -
JCPenney Closing Carmichael Call Center
(ABC 10 Sacramento (KXTV))Jan 08 2009 -
Malls brace for gift-card crowd
(Northwest Florida Daily News)Jan 08 2009 -
J.C. Penney's comp sales drop
(Dallas Business Journal)Jan 08 2009 -
J.C. Penney Dec. comps down 8.1%; expects low-double digit decrease in Jan. comps - Update
(RTTNews)Jan 08 2009 -
J.C. Penney December same-store sales fall
(Boston Globe)Jan 08 2009 -
J.C. Penney
(MarketWatch)Jan 08 2009 -
JCPenney Reports December Sales
(Yahoo! Finance)Jan 08 2009 -
Foster children treated to shopping spree at Dadeland Mall
(Miami Herald)Jan 07 2009
Blogs
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Jan 08 2009
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Jan 06 2009
Employees
Number of Employees: 155,000
Revenue per Employee: $129,897
Financials
Quarterly
Annual
| Income Statement | 09/2008 | 05/2008 | 02/2008 | 11/2007 |
|---|---|---|---|---|
| Sales | 2.68 Bil. | 110 Mil. | NA | 2.85 Bil. |
| Gross Operating Profit | 1.61 Bil. | 4.02 Bil. | 6.39 Bil. | 1.88 Bil. |
| Operating Income before D & A (EBITDA) | 349 Mil. | 2.72 Bil. | 6.39 Bil. | 512 Mil. |
| Total Income Before Interest Expenses (EBIT) | 243 Mil. | 2.72 Bil. | 6.39 Bil. | 411 Mil. |
| Total Net Income | 117 Mil. | 120 Mil. | 430 Mil. | 261 Mil. |
| Basic EPS, Total | 0.52 | 0.54 | 1.93 | 1.18 |
| Diluted EPS, Total | 0.52 | 0.54 | 1.93 | 1.17 |
| BALANCE STATEMENT | 09/2008 | 05/2008 | 02/2008 | 11/2007 |
|---|---|---|---|---|
| Cash and Equivalents | 133 Mil. | 1.94 Bil. | 2.47 Bil. | 142 Mil. |
| Total Assets | 6.52 Bil. | NA | NA | 7.34 Bil. |
| Total Liabilities | 3.15 Bil. | NA | NA | 4.06 Bil. |
| Total Capitalization | 8.66 Bil. | 8.6 Bil. | 8.82 Bil. | 8 Bil. |
| Cash Flow | 09/2008 | 05/2008 | 02/2008 | 11/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | 271 Mil. | -174 Mil. | NA | 45 Mil. |
| Net Cash From Investing Activities | -497 Mil. | -269 Mil. | -1.22 Bil. | -956 Mil. |
| Net Cash From Financing Activities | -135 Mil. | -88 Mil. | -286 Mil. | -177 Mil. |
| Net Change in Cash & Cash Equivalents | -362 Mil. | -531 Mil. | -276 Mil. | -1.09 Bil. |
| Income Statement | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Sales | 426 Mil. | 12.08 Bil. | 11.03 Bil. | 10.92 Bil. |
| Gross Operating Profit | 19.43 Bil. | 7.82 Bil. | 7.75 Bil. | 7.51 Bil. |
| Operating Income before D & A (EBITDA) | 14.08 Bil. | 2.28 Bil. | 1.95 Bil. | 1.68 Bil. |
| Total Income Before Interest Expenses (EBIT) | 14.09 Bil. | 2.06 Bil. | 1.61 Bil. | 1.25 Bil. |
| Total Net Income | 1.11 Bil. | 1.15 Bil. | 1.09 Bil. | 524 Mil. |
| Basic EPS, Total | 4.9 | 5.03 | 4.3 | 1.83 |
| Diluted EPS, Total | 4.9 | 4.96 | 4.26 | 1.76 |
| BALANCE STATEMENT | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Cash and Equivalents | 2.47 Bil. | 119 Mil. | 3.02 Bil. | 4.69 Bil. |
| Total Assets | NA | 6.65 Bil. | 6.7 Bil. | 8.43 Bil. |
| Total Liabilities | NA | 3.49 Bil. | 2.76 Bil. | 3.45 Bil. |
| Total Capitalization | 8.82 Bil. | 7.3 Bil. | 7.45 Bil. | 8.32 Bil. |
| Cash Flow | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | 1.27 Bil. | 1.34 Bil. | 1.13 Bil. |
| Net Cash From Investing Activities | -1.22 Bil. | -784 Mil. | -408 Mil. | 4.29 Bil. |
| Net Cash From Financing Activities | -286 Mil. | -751 Mil. | -2.64 Bil. | -2.66 Bil. |
| Net Change in Cash & Cash Equivalents | -276 Mil. | -269 Mil. | -1.63 Bil. | 1.69 Bil. |
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