Exhibit 99.1

J. C. PENNEY COMPANY, INC.

(Debtor-in-Possession)

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.

J. C. PENNEY COMPANY, INC.

(Debtor-in-Possession)

CONSOLIDATED BALANCE SHEETS

(Unaudited)

Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.

J. C. PENNEY COMPANY, INC.

(Debtor-in-Possession)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ (DEFICIT) EQUITY

(Unaudited)

Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.

J. C. PENNEY COMPANY, INC.

(Debtor-in-Possession)

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Note: The financial statements presented are internal monthly financial statements within a fiscal quarter, do not include certain quarterly adjustments and other important explanatory notes, and have not been audited or reviewed by any independent public accounting firm. Quarterly financial statements are subject to internal controls over financial reporting performed only with respect to quarterly financial statements. Consequently, these monthly financial statements may be subject to future reconciliation or adjustments to conform to generally accepted accounting principles or reporting requirements of the SEC and may not be representative of our financial position or indicative of future operating results or cash flows.

October 2020 Sales by Store Group # of Stores >=1.10mm $19 13 1.05-1.10mm $6 6 1.00-1.05mm $3 3 0.95-1.00mm $9 9 0.90-0.95mm $10 11 0.85-0.90mm $14 16 Sales 0.80-0.85mm $18 22 2020 0.75-0.80mm $17 22 0.70-0.75mm $20 27 0.65-0.70mm $25 38 October 0.60-0.65mm $16 26 by 0.55-0.60mm $28 49 0.50-0.55mm $28 53 Grouped 0.45-0.50mm $33 70 0.40-0.45mm $28 65 0.35-0.40mm $22 59 Stores 0.30-0.35mm $25 76 0.25-0.30mm $16 57 0.20-0.25mm $12 54 0.15-0.20mm $7 42 0.10-0.15mm $5 37 0.05-0.10mm $5 64 0.00-0.05mm $1 26 <0.00mm ($0) 1 $— $5 $10 $15 $20 $25 $30 $35 $40 Aggregate Store Group October 2020 Sales ($ in mm) October 2020 4-Wall EBITDA(1) by Store Group # of Stores >=0.35mm $1 2 0.30-0.35mm $1 2 EBITDA 0.25-0.30mm $-—- Wall    4—0.20-0.25mm $0 2 2020    0.15-0.20mm $1 October 6 by 0.10-0.15mm $3 23 Grouped 0.05-0.10mm $4 60 Stores 0.00-0.05mm $4 214 (0.05)-0.00mm ($6) 272 <(0.05)mm ($30) 265 ($40) ($35) ($30) ($25) ($20) ($15) ($10) ($5) $— $5 $10 Aggregate Store Group October 2020 4-Wall EBITDA ($ in mm) (1) 4-Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated    costs. Monthly 4-Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. October 2020 Operating Profit(1) by Store Group # of Stores >=0.35mm $2 4 0.30-0.35mm $1 3 Profit 0.25-0.30mm $1 4 Operating 0.20-0.25mm $1 6 2020    October 0.15-0.20mm $4 24 by 0.10-0.15mm $5 42 Grouped 0.05-0.10mm $9 123 Stores 0.00-0.05mm $6 261 (0.05)-0.00mm ($4) 188 <(0.05)mm ($22) 191 ($25) ($20) ($15) ($10) ($5) $— $5 $10 $15 Aggregate Store Group October 2020 Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.

October 2020 Controllable Expense(1) by Store Group # of Stores 141 >=0.08mm $15 72 0.07-0.08mm $5 Expense 88 0.06-0.07mm $6 0.05-0.06mm 97 Controllable $5    129 2020 0.04-0.05mm $6 October 0.03-0.04mm $4 100 by Grouped 0.02-0.03mm $2 77 Stores 0.01-0.02mm $2 102 0.00-0.01mm $0 33 <0.00mm ($0) 7 ($2) $— $2 $4 $6 $8 $10 $12 $14 $16 Aggregate Store Group October 2020 Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. October 2020 Noncontrollable Expense(1) by Store Group # of Stores >=0.08mm $26 219 0.07-0.08mm $5 65 Expense 0.06-0.07mm $5 73 0.05-0.06mm $6 111 Noncontrollable 0.04-0.05mm $4 86 2020 0.03-0.04mm $4 104 October 0.02-0.03mm $2 83 by    0.01-0.02mm $1 69 Grouped 0.00-0.01mm $0 21 Stores <0.00mm ($2) 15 ($5) $— $5 $10 $15 $20 $25 $30 Aggregate Store Group October 2020 Noncontrollable Expense ($ in mm) (1)Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. October 2020 Gross Margin by Store Group # of Stores >=0.40mm $7 14 0.35-0.40mm $4 10 Margin 0.30-0.35mm $4 12 Gross    0.25-0.30mm $11 41 2020    October 0.20-0.25mm $16 71 by 0.15-0.20mm $27 157 Grouped 0.10-0.15mm $24 193 Stores 0.05-0.10mm $13 173 0.00-0.05mm $1 43 <0.00mm ($9) 132 ($15) ($10) ($5) $— $5 $10 $15 $20 $25 $30 Aggregate Store Group October 2020 Gross Margin ($ in mm)

October 2019 Sales by Store Group # of Stores >=1.10mm $229 163 1.05-1.10mm $13 12 1.00-1.05mm $39 38 0.95-1.00mm $33 34 0.90-0.95mm $37 40 Sales 0.85-0.90mm $39 44 2019 0.80-0.85mm $35 43 0.75-0.80mm $26 33 0.70-0.75mm $34 47 October 0.65-0.70mm $16 24 by 0.60-0.65mm $22 35 0.55-0.60mm $24 42 0.50-0.55mm $22 43 Grouped 0.45-0.50mm $18 37 0.40-0.45mm $17 39 Stores 0.35-0.40mm $9 24 0.30-0.35mm $11 34 0.25-0.30mm $14 50 0.20-0.25mm $11 48 0.15-0.20mm $3 14 0.10-0.15mm $-—-0.05-0.10mm $0 1 0.00-0.05mm $0 1 <0.00mm $-—- $— $50 $100 $150 $200 $250 Aggregate Store Group October 2019 Sales ($ in mm) October 2019 4-Wall EBITDA(1) by Store Group # of Stores >=0.35mm $13 28 0.30-0.35mm $9 28 EBITDA 0.25-0.30mm $16 58 Wall —4 0.20-0.25mm $22 97 2019    October 0.15-0.20mm $22 127 by 0.10-0.15mm $23 189 Grouped 0.05-0.10mm $15 193 Stores 0.00-0.05mm $4 116 (0.05)-0.00mm ($0) 8 <(0.05)mm ($1) 2 ($5) $— $5 $10 $15 $20 $25 Aggregate Store Group October 2019 4-Wall EBITDA ($ in mm) (1) 4-Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated    costs. Monthly 4-Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. October 2019 Operating Profit(1) by Store Group # of Stores >=0.35mm $30 67 Profit 0.30-0.35mm $16 49 0.25-0.30mm $24 88 Operating 0.20-0.25mm $21 2019 96 0.15-0.20mm $25 October 143 0.10-0.15mm $21 by 167 Grouped 0.05-0.10mm $13 173 Stores 0.00-0.05mm $2 56 (0.05)-0.00mm ($0) 6 <(0.05)mm ($1) 1 ($5) $— $5 $10 $15 $20 $25 $30 $35 Aggregate Store Group October 2019 Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.

October 2019 Controllable Expense(1) by Store Group # of Stores 456 >=0.08mm $57 54 Expense 0.07-0.08mm $4    84 0.06-0.07mm $5 56 Controllable 0.05-0.06mm $3 47 2019 0.04-0.05mm $2 0.03-0.04mm 57 October $2 by    80 Grouped 0.02-0.03mm $2 Stores 0.01-0.02mm $0 12 0.00-0.01mm $-—- <0.00mm $-—- $— $10 $20 $30 $40 $50 $60 Aggregate Store Group October 2019 Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. October 2019 Noncontrollable Expense(1) by Store Group # of Stores >=0.08mm $44 355 Expense 0.07-0.08mm $7 99 0.06-0.07mm $4 65 Noncontrollable 0.05-0.06mm $4 68 2019 0.04-0.05mm $4 83 October 0.03-0.04mm $3 85 by 0.02-0.03mm $2 78 Grouped 0.01-0.02mm $0 11 Stores    0.00-0.01mm $0 1 <0.00mm ($0) 1 ($5) $— $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 Aggregate Store Group October 2019 Noncontrollable Expense ($ in mm) (1)Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. October 2019 Gross Margin by Store Group # of Stores >=0.40mm $164 298 0.35-0.40mm $35 94 Margin 0.30-0.35mm $28 87 Gross 0.25-0.30mm $22 79 2019    October 0.20-0.25mm $19 82 by 0.15-0.20mm $13 74 Grouped 0.10-0.15mm $13 104 Stores 0.05-0.10mm $2 26 0.00-0.05mm $0 2 <0.00mm $0 — $— $20 $40 $60 $80 $100 $120 $140 $160 $180 Aggregate Store Group October 2019 Gross Margin ($ in mm)

October 2020 YTD Sales by Store Group # of Stores >=4.40mm $1,487 258 4.20-4.40mm $172 40 4.00-4.20mm $94 23 3.80-4.00mm $156 40 3.60-3.80mm $122 33 Sales 3.40-3.60mm $101 29 YTD 3.20-3.40mm $138 42 3.00-3.20mm $111 36 2020 2.80-3.00mm $130 45 2.60-2.80mm $124 46 2.40-2.60mm $107 43 October 2.20-2.40mm $105 46 by 2.00-2.20mm $106 50 1.80-2.00mm $95 50 Grouped 1.60-1.80mm $59 35 1.40-1.60mm $20 13 Stores 1.20-1.40mm $17 13 1.00-1.20mm $2 2 0.80-1.00mm $-—-0.60-0.80mm $1 1 0.40-0.60mm $-—-0.20-0.40mm $0 1 0.00-0.20mm $-—-<0.00mm $-—- $— $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 Aggregate Store Group October 2020 YTD Sales ($ in mm) October 2020 YTD 4-Wall EBITDA(1) by Store Group # of Stores >=0.70mm $38 42 0.60-0.70mm $21 32 EBITDA 0.50-0.60mm $30 54 Wall —4 0.40-0.50mm $33 74 YTD    0.30-0.40mm $33 2020 95 October 0.20-0.30mm $26 104 by Grouped 0.10-0.20mm $14 95 0.00-0.10mm $4 78 Stores (0.10)-0.00mm ($3) 64 <(0.10)mm ($93) 208 ($110) ($90) ($70) ($50) ($30) ($10) $10 $30 $50 Aggregate Store Group October 2020 YTD 4-Wall EBITDA ($ in mm) (1) 4-Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated    costs. Monthly 4-Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. October 2020 YTD Operating Profit(1) by Store Group # of Stores >=0.70mm $155 156 0.60-0.70mm $39 61 Profit 0.50-0.60mm $50 91 Operating 0.40-0.50mm $40 90 YTD    2020 0.30-0.40mm $34 97 October 0.20-0.30mm $23 92 by    0.10-0.20mm $10 67 Grouped 0.00-0.10mm $3 Stores 49 (0.10)-0.00mm ($3) 63 <(0.10)mm ($39) 80 ($50) $— $50 $100 $150 $200 Aggregate Store Group October 2020 YTD Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.

October 2020 YTD Controllable Expense(1) by Store Group # of Stores 25 >=0.80mm $26 23 0.70-0.80mm $17 Expense 73 0.60-0.70mm $47 108 Controllable 0.50-0.60mm $59    149 YTD 0.40-0.50mm $67 2020    October 0.30-0.40mm $63 179 by 0.20-0.30mm $37 143 Grouped 0.10-0.20mm $20 134 Stores 0.00-0.10mm $1 12 <0.00mm $-—- $— $10 $20 $30 $40 $50 $60 $70 $80 Aggregate Store Group October 2020 YTD Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. October 2020 YTD Noncontrollable Expense(1) by Store Group # of Stores >=0.80mm $128 108 Expense 0.70-0.80mm $44 59 0.60-0.70mm $44 68 Noncontrollable 0.50-0.60mm $55 101 YTD 0.40-0.50mm $61 136 2020    October 0.30-0.40mm $51 147 by 0.20-0.30mm $41 166 Grouped 0.10-0.20mm $10 58 Stores 0.00-0.10mm $0 3 <0.00mm $-—- $— $20 $40 $60 $80 $100 $120 $140 Aggregate Store Group October 2020 YTD Noncontrollable Expense ($ in mm) (1)Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. October 2020 YTD Gross Margin by Store Group # of Stores >=4.00mm $9 2 3.50-4.00mm $-—-Margin 3.00-3.50mm $31 10 Gross    YTD 2.50-3.00mm $40 15 2020 2.00-2.50mm $136 61 October 1.50-2.00mm $284 164 by    Grouped 1.00-1.50mm $349 287 0.50-1.00mm $231 Stores 292 0.00-0.50mm $6 15 <0.00mm $-—- $— $50 $100 $150 $200 $250 $300 $350 $400 Aggregate Store Group October 2020 YTD Gross Margin ($ in mm)

October 2019 YTD Sales by Store Group # of Stores >=4.40mm $5,690 628 4.20-4.40mm $86 20 4.00-4.20mm $53 13 3.80-4.00mm $63 16 3.60-3.80mm $41 11 3.40-3.60mm $45 13 Sales 3.20-3.40mm $16 5 YTD 3.00-3.20mm $37 12 2.80-3.00mm $40 14 2019 2.60-2.80mm $46 17 2.40-2.60mm $55 22 October 2.20-2.40mm $53 23 2.00-2.20mm $46 by 22 1.80-2.00mm $33 17 1.60-1.80mm $12 7 Grouped 1.40-1.60mm $6 4 1.20-1.40mm $1 1 Stores 1.00-1.20mm $-—-0.80-1.00mm $-—-0.60-0.80mm $-—-0.40-0.60mm $-—-0.20-0.40mm $0 1 0.00-0.20mm $-—-<0.00mm $-—- $— $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 Aggregate Store Group October 2019 YTD Sales ($ in mm) October 2019 YTD 4-Wall EBITDA(1) by Store Group # of Stores >=0.70mm $637 459 0.60-0.70mm $35 54 EBITDA 0.50-0.60mm $31 57 Wall —4 0.40-0.50mm $23 52 YTD    2019 0.30-0.40mm $24 69 October 0.20-0.30mm $16 64 by    0.10-0.20mm $8 52 Grouped 0.00-0.10mm $1 Stores 22 (0.10)-0.00mm ($0) 7 <(0.10)mm ($12) 10 ($100) $— $100 $200 $300 $400 $500 $600 $700 Aggregate Store Group October 2019 YTD 4-Wall EBITDA ($ in mm) (1) 4-Wall EBITDA is an internal store performance metric, which excludes most corporate overhead and other fixed allocated    costs. Monthly 4-Wall EBITDA numbers do not reflect certain allocations made only on an annual basis. October 2019 YTD Operating Profit(1) by Store Group # of Stores >=0.70mm $930 578 0.60-0.70mm $28 43 Profit 0.50-0.60mm $25 46 Operating 0.40-0.50mm $26 58 YTD    2019 0.30-0.40mm $17 48 October 0.20-0.30mm $11 45 by    0.10-0.20mm $3    18 Grouped 0.00-0.10mm $0 4 Stores (0.10)-0.00mm ($0) 2 <(0.10)mm ($10) 4 ($200) $— $200 $400 $600 $800 $1,000 Aggregate Store Group October 2019 YTD Operating Profit ($ in mm) (1) Operating Profit is an internal store performance metric, which excludes most corporate overhead and other fixed allocated costs.

October 2019 YTD Controllable Expense(1) by Store Group # of Stores 453 >=0.80mm $550 67 Expense 0.70-0.80mm $50    0.60-0.70mm $43 66 65 Controllable 0.50-0.60mm $36 YTD 44 0.40-0.50mm $20 2019 70 October 0.30-0.40mm $24 by 78 0.20-0.30mm $20 0.10-0.20mm 3 Grouped $0 Stores 0.00-0.10mm $-—-<0.00mm $-—- $— $100 $200 $300 $400 $500 $600 Aggregate Store Group October 2019 YTD Controllable Expense ($ in mm) (1) Controllable expenses include store salaries, facilities expenses and utilities expenses, among others. October 2019 YTD Noncontrollable Expense(1) by Store Group # of Stores >=0.80mm $452 362 Expense 0.70-0.80mm $68 91 0.60-0.70mm $43 66 Noncontrollable 0.50-0.60mm $41 74 YTD 0.40-0.50mm $36 81 2019    0.30-0.40mm $27 76 October 0.20-0.30mm $21 84 by    Grouped 0.10-0.20mm $2 11 Stores 0.00-0.10mm $0 1 <0.00mm $-—- $— $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 Aggregate Store Group October 2019 YTD Noncontrollable Expense ($ in mm) (1)Noncontrollable expenses include expenses relating to marketing, display, maintenance and repairs, among others. October 2019 YTD Gross Margin by Store Group # of Stores >=4.00mm $917 171 3.50-4.00mm $342 92 Margin 3.00-3.50mm $317 97 Gross 2.50-3.00mm $298 108 YTD 2019 2.00-2.50mm $244 109 October 1.50-2.00mm $168 97 by    1.00-1.50mm $108 Grouped 89 Stores 0.50-1.00mm $68 82 0.00-0.50mm $0 1 <0.00mm $-—- $— $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 Aggregate Store Group October 2019 YTD Gross Margin ($ in mm)