JCPenney 2015 Annual Report Download - page 101

Download and view the complete annual report

Please find page 101 of the 2015 JCPenney annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 177

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177

Table of Contents
  
The following is a summary of our quarterly unaudited consolidated results of operations for 2015 and 2014:

   
Total net sales $ 2,857 $ 2,875 $ 2,897 $ 3,996
Gross margin 1,041
1,065
1,082 1,363
SG&A expenses 965 901 947 962
Restructuring and management transition(1) 22 17 14 31
Net income/(loss)(2) (150) (4) (117) (4) (115) (4) (131)
Diluted earnings/(loss) per share(3) $ (0.49) (4) $ (0.38) (4) $ (0.38) (4) $ (0.43)

   
Total net sales $ 2,801 $ 2,799 $ 2,764 $ 3,893
Gross margin 926
1,008
1,013 1,314
SG&A expenses 1,009 964 988 1,032
Restructuring and management transition(5) 22 5 12 48
Net income/(loss)(6) (7) (341)
(163)
(178)
(35)
Diluted earnings/(loss) per share(3) (7) $ (1.12)
$ (0.53)
$ (0.58)
$ (0.11)
 
 



Home office and stores $ 14
$ 15
$ 9
$ 4
Management transition 6
1
3
18
Other 2
1
2
9
Total $ 22
$ 17
$ 14
$ 31
 
  
 

 



 




Home office and stores $ 12
$ —
$ 3
$ 30
Management transition 7
1
7
1
Other 3
4
2
17
Total $ 22
$ 5
$ 12
$ 48
 


 



101