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]

Group 1 - TJX Companies raised its full-year earnings guidance to between $4.09 and $4.13, slightly below Wall Street's estimate of $4.14 [1] - For the current quarter, TJX expects earnings per share between $1.06 and $1.08, compared to the estimate of $1.10 [1] - The company reported net income of $1.1 billion, or 96 cents per share, for the three-month period ending August 3, up from $989 million, or 85 cents per share, a year earlier [1][2] Group 2 - Sales increased to $13.47 billion, a rise from $12.76 billion a year earlier [2] - TJX announced a 35% ownership stake in Dubai-based retailer Brands for Less for $360 million, marking a strategic move for international growth [2][3] - The investment in Brands for Less is expected to be slightly accretive to earnings per share starting in Fiscal 2026 [3] Group 3 - TJX's stock has risen approximately 21% year to date, reaching a new high in May following strong quarterly earnings [3] - The company has gained market share from competitors like Target and Macy's, appealing to price-sensitive consumers [3] - Analysts suggest that TJX's business model is resilient in various economic conditions, although a significant downturn in consumer spending could pose risks [3]

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 ...

Core Viewpoint - The TJX Companies, Inc. is expected to report growth in both revenue and earnings for the second quarter of fiscal 2025, with projected revenues of $13.33 billion, reflecting a 4.5% increase year-over-year, and earnings per share estimated at 92 cents, indicating an 8.2% growth from the previous year [1][2]. Group 1: Financial Performance Expectations - The consensus estimate for quarterly revenues is $13.33 billion, which indicates a growth of 4.5% from the prior-year quarter's reported figure [1]. - The Zacks Consensus Estimate for quarterly earnings has risen to 92 cents per share, reflecting an 8.2% growth from the figure reported in the year-ago period [1]. - TJX has a trailing four-quarter earnings surprise of 6.2%, on average, with a 6.9% earnings surprise in the last reported quarter [1][3]. Group 2: Growth Drivers - The TJX Companies has been expanding its store footprint, adding 18 new stores in the first quarter of fiscal 2025, bringing the total to 4,972 stores [2]. - The company is enhancing its e-commerce capabilities to cater to the increasing number of consumers shopping online, alongside effective marketing initiatives and loyalty programs [2][3]. - The off-price model, strategic store locations, and efficient supply-chain management are expected to contribute positively to the company's performance [3]. Group 3: Challenges - The company is facing challenges from high costs of sales and operating expenses, with expectations of increased store wage and payroll costs during fiscal 2025 [3]. - These rising costs may have impacted profits to some extent in the second quarter [3]. Group 4: Earnings Prediction Model - The Zacks model predicts an earnings beat for The TJX Companies, supported by a positive Earnings ESP of +2.39% and a Zacks Rank of 3 (Hold) [4].

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 ...

Core Viewpoint - TJX is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the upcoming earnings report expected on August 21, 2024 [1][2] Earnings Estimates - The consensus estimate for TJX's quarterly earnings is $0.92 per share, reflecting an 8.2% increase year-over-year [2] - Projected revenues for the quarter are $13.33 billion, which is a 4.5% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [3] - The Most Accurate Estimate for TJX is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +5.32% [6] Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - TJX currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [7] Historical Performance - In the last reported quarter, TJX exceeded the expected earnings of $0.87 per share by delivering $0.93, resulting in a surprise of +6.90% [8] - Over the past four quarters, TJX has beaten consensus EPS estimates three times [8] Conclusion - While an earnings beat may not solely dictate stock movement, betting on stocks expected to exceed earnings expectations can enhance the odds of success [9] - TJX is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [9]

Group 1 - The consensus price target for TJX Companies Inc is $106.88 based on the ratings of 26 analysts, with a high target of $134 from UBS and a low target of $80 from Gordon Haskett [2] - Recent analyst ratings from Telsey Advisory Group, Morgan Stanley, and Loop Capital suggest an average price target of $125, indicating a potential upside of 14.17% for TJX Companies Inc [2] - The most recent analyst ratings were released on August 14, July 18, and July 3, 2024, respectively [2] Group 2 - The article mentions a trend in analyst ratings, with a mix of "Buy," "Hold," and "Sell" recommendations, reflecting varying levels of confidence in TJX Companies Inc [3]

Core Viewpoint - Analyst recommendations, particularly for TJX, suggest a strong buy sentiment, but reliance solely on these recommendations may not be prudent due to potential biases from brokerage firms [1][2]. Brokerage Recommendation Trends for TJX - TJX has an average brokerage recommendation (ABR) of 1.16, indicating a strong buy to buy sentiment, with 92% of the 25 recommendations being strong buys [1]. - Studies indicate that brokerage recommendations often lack success in guiding investors towards stocks with significant price appreciation potential [2]. - Brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" [2]. Zacks Rank and Its Importance - Zacks Rank categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell) and is based on earnings estimate revisions, which correlate strongly with near-term stock price movements [3][5]. - The Zacks Rank is distinct from ABR, as it is a quantitative model rather than solely based on brokerage recommendations [4]. - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in earnings estimates [6]. Investment Outlook for TJX - The Zacks Consensus Estimate for TJX remains unchanged at $4.09, suggesting steady analyst views on the company's earnings prospects [7]. - The unchanged consensus estimate has led to a Zacks Rank of 3 (Hold) for TJX, indicating a cautious approach despite the strong buy sentiment from the ABR [7].

In the latest market close, TJX (TJX) reached $109.41, with a +0.48% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%.The parent of T.J. Maxx, Marshalls and other stores's stock has dropped by 2.96% in the past month, exceeding the Retail-Wholesale sector's loss of 8.36% and the S&P 500's loss of 6.74%.The upcoming earnings rele ...

Core Viewpoint - TJX Companies Inc is expected to report strong second-quarter earnings, with historical performance indicating a positive trend for the stock in August [1][3]. Group 1: Earnings Performance - TJX is set to report its second-quarter results on August 21, and it is noted as one of the best-performing stocks in the S&P 500 for August, being the only retailer on the list [1]. - Over the past ten years, TJX has finished higher in nine of those years in August, averaging a gain of 4.4% [3]. - The stock has shown a year-over-year increase of over 31% and reached an all-time high of $115.34 on July 12 [3]. Group 2: Historical Earnings Trends - Historically, TJX has performed well post-earnings, finishing six of its last eight post-earnings sessions higher, including a 3.5% gain in May [5]. - The stock has averaged a price movement of 2.8% in the two years following earnings reports, regardless of direction [5]. Group 3: Volatility and Options Strategy - The stock's Schaeffer's Volatility Index (SVI) is at 18%, placing it in the low 22nd percentile of annual readings, indicating affordable premiums amid low volatility expectations [5]. - A premium-selling strategy may be advantageous, as TJX has a Schaeffer's Volatility Scorecard (SVS) of 19 out of 100, suggesting it has consistently experienced lower volatility than what its options have priced in [5].