Home / Knowledge / News / Apparel/Garments / Adjusted EBITDA soars sky high in FY15 at JC Penny
Adjusted EBITDA soars sky high in FY15 at JC Penny
Feb '16
Courtesy: JC Penny
Courtesy: JC Penny
JC Penny, an apparel and home furnishing retailer based in the US, reported a rise of 155 per cent in its net earnings before interest, taxes, depreciation and amortisation (EBITDA) to $715 million in fiscal 2015, ending on January 30, 2016, as compared to $280 million in the prior fiscal, according to a press statement released by the retailer.

The diluted EPS reported by JC Penny for this fiscal was $1.68, a fall of 28.5 per cent, as compared to $2.35 in fiscal 2014, ending on January 31, 2015.

Gross margin for FY15 was 36 per cent, a rise of 3.44 per cent as compared to 34.8 per cent in the prior fiscal.

Net income was reported to be $513 million, a fall of 28.5 per cent, as compared to $717 million in FY14. Net sales stood at $12,625 million in the year ending on January 30, 2016 as compared to $12,257 million in the prior fiscal, a rise of 3 per cent.

Commenting on the results, Marvin Ellison, chief executive officer of JC Penny said, “Our focus on private brands, omni-channel and revenue per customer is clearly resonating as we continue to win market share in a competitive environment.”

“While significant work remains to regain our status as a world-class retailer, the company’s financial performance this year indicates we are on the right path to achieving our long-term financial objectives,” he added.

In its outlook for fiscal 2016, the retailer expects its EBITDA to be $1 billion and its adjusted EPS to be positive. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search