JCPenney Sales, Profits Rise

Highlights of JCPenney’s fourth quarter and fiscal year 2010
financial statement:

  • 4Q: Total net sales: $5.7 billion, up 2.8%
  • 4Q: Comparable store sales: Up 4.5%
  • 4Q: Internet sales: $495 million, up 6.7%
  • 4Q: Net income: $271 million, up 35.5%
  • FY2010: Total net sales: $17.8 billion, up 1.2%
  • FY2010: Comparable store sales: Up 2.5%
  • FY2010: Internet sales: $1.5 billion, up 4.4%
  • FY2010: Net income: $389 million, up 55%

For more information on JCPenney’s financial statement,
click here.