TJX(TJX)

Search documents
The TJX Companies (TJX) Q2 Earnings Top Estimates, View Raised
ZACKS· 2024-08-21 15:56
The TJX Companies, Inc. (TJX) posted strong second-quarter fiscal 2025 results, wherein the top and bottom lines increased year over year and came ahead of the Zacks Consensus Estimate. Buoyed by strong second-quarter results, management raised its full-year guidance for both the pretax profit margin and earnings per share.The company’s second-quarter performance exceeded expectations, with comparable sales being fueled entirely by higher customer transactions across all divisions. A significant milestone w ...
TJX Stock Earnings: TJX Companies Beats EPS, Beats Revenue for Q2 2025
Investor Place· 2024-08-21 15:52
TJX Companies (NYSE:TJX) just reported results for the second quarter of 2025.TJX Companies reported earnings per share of 96 cents. This was above the analyst estimate for EPS of 92 cents.The company reported revenue of $13.47 billion.This was 1.19% better than the analyst estimate for revenue of $13.31 billion.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share ...
TJX (TJX) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-21 14:31
TJX (TJX) reported $13.47 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 5.6%. EPS of $0.96 for the same period compares to $0.85 a year ago.The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $13.34 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +4.35%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...
TJX (TJX) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-21 13:40
TJX (TJX) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this parent of T.J. Maxx, Marshalls and other stores would post earnings of $0.87 per share when it actually produced earnings of $0.93, delivering a surprise of 6.90%.Over the last fo ...
TJX(TJX) - 2025 Q2 - Quarterly Results
2024-08-21 13:08
Financial Performance - Q2 consolidated comparable store sales increased 4%, driven entirely by an increase in customer transactions[1] - Q2 pretax profit margin was 10.9%, up 0.5 percentage points versus last year[1] - Q2 diluted earnings per share were $0.96, up 13% versus last year[1] - Net sales for Q2 FY25 were $13.5 billion, an increase of 6% versus Q2 FY24[1] - Net sales for the thirteen weeks ended August 3, 2024, were $13.468 billion, compared to $12.758 billion for the same period in 2023, representing a 5.6% increase[27] - Net income for the thirteen weeks ended August 3, 2024, was $1.099 billion, up from $989 million in the same period in 2023, reflecting an 11.1% increase[27] - Diluted earnings per share for the thirteen weeks ended August 3, 2024, were $0.96, compared to $0.85 in the same period in 2023, a 12.9% increase[27] - For FY25, the company raised its pretax profit margin outlook to approximately 11.2% and diluted earnings per share outlook to $4.09 to $4.13[15] Cash Flow and Liquidity - The company generated $1.6 billion of operating cash flow in Q2 and ended the quarter with $5.3 billion of cash[12] - Cash and cash equivalents as of August 3, 2024, were $5.250 billion, up from $4.550 billion as of July 29, 2023, a 15.4% increase[29] - Net cash provided by operating activities for the twenty-six weeks ended August 3, 2024, was $2.366 billion, compared to $2.086 billion for the same period in 2023, a 13.4% increase[31] - The company reported a net cash used in investing activities of $990 million for the twenty-six weeks ended August 3, 2024, compared to $819 million for the same period in 2023[31] Shareholder Returns - The company returned $982 million to shareholders in Q2 through share repurchases and dividends[1] - The company plans to repurchase approximately $2.0 to $2.5 billion of TJX stock during FY25[13] - The company returned $982 million to shareholders in Q2 2024, including $559 million for repurchasing 5.1 million shares and $423 million in dividends[36] - The company returned $1.9 billion to shareholders in the first six months of 2024, including $1.1 billion for repurchasing 10.4 million shares and $800 million in dividends[36] - The company completed the remaining $1.0 billion of its stock repurchase program in Q2 2025[36] - The company announced a new stock repurchase program in February 2024, authorizing up to $2.5 billion in repurchases[36] - As of August 3, 2024, the company had approximately $2.5 billion available for repurchase under the new program[36] Segment Performance - Marmaxx segment net sales for the thirteen weeks ended August 3, 2024, were $8.445 billion, up from $7.903 billion in the same period in 2023, a 6.9% increase[34] - HomeGoods segment net sales for the thirteen weeks ended August 3, 2024, were $2.101 billion, compared to $2.011 billion in the same period in 2023, a 4.5% increase[34] - TJX International segment net sales for the thirteen weeks ended August 3, 2024, were $1.678 billion, up from $1.621 billion in the same period in 2023, a 3.5% increase[34] - Total segment profit for the thirteen weeks ended August 3, 2024, was $1.642 billion, compared to $1.483 billion in the same period in 2023, a 10.7% increase[34] Inventory and Investments - Total inventories as of August 3, 2024 were $6.5 billion, down 2% on a per-store basis versus last year[11] - The company opened 5,000 stores worldwide and signed a definitive agreement to invest approximately $360 million for a 35% ownership stake in Brands For Less[1]
TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter
CNBC· 2024-08-21 11:59
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be between $4.09 and $4.13, compared with estimates of $4.14, according to LSEG.For the current quarter, TJX is expecting earnings per share to be between $1.06 and $1.08, compared with estimates of $1.10.Shares rose about 3% in premarket trading ...
TJX Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-08-21 06:13
The TJX Companies, Inc. TJX is set to release earnings results for its second quarter, before the opening bell on Wednesday, Aug. 21.Analysts expect the Framingham, Massachusetts-based company to report quarterly earnings at 92 cents per share, up from 85 cents per share in the year-ago period. TJX projects to report quarterly revenue of $13.31 billion for the quarter, according to data from Benzinga Pro.On May 22, The TJX Companies reported better-than-expected first-quarter financial results.TJX shares ro ...
What's in the Cards for The TJX Companies (TJX) in Q2 Earnings?
ZACKS· 2024-08-19 12:21
The TJX Companies, Inc. (TJX) is likely to see top-and-bottom-line growth when it reports second-quarter fiscal 2025 earnings on Aug 21. The consensus mark for quarterly revenues is pegged at $13.33 billion, which indicates growth of 4.5% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for quarterly earnings has risen by a penny in the past seven days to 92 cents per share, which calls for 8.2% growth from the figure reported in the year-ago period. TJX has a trailing four-quart ...
Insights Into TJX (TJX) Q2: Wall Street Projections for Key Metrics
ZACKS· 2024-08-16 14:17
Analysts on Wall Street project that TJX (TJX) will announce quarterly earnings of $0.92 per share in its forthcoming report, representing an increase of 8.2% year over year. Revenues are projected to reach $13.33 billion, increasing 4.5% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during ...
TJX (TJX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-08-14 15:00
TJX (TJX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 21. On the oth ...