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The TJX Companies: 5,000 Stores Strong And Dominating
Seeking Alpha· 2024-08-21 17:36
Siripak Pason We have closely been following restaurant and retail stocks for signs of and economic slowdown. Quite frankly, the inputs are mixed. On the one hand, retail sales and consumer confidence prints have been rather positive, but on the other, we have heard a lot of concern on many conference calls from management teams citing a slowing and changing consumer. However, the consumer is voting with their dollar, as they say. While household budgets have been crushed by inflation in living expenses ...
Why TJX Stock Jumped To A Record High Wednesday
Investopedia· 2024-08-21 17:31
Key TakeawaysTJX, the parent company of retailers like TJ Maxx, HomeGoods, and Marshall's, reported better second-quarter earnings than analysts had expected as value-seeking consumers boost sales.TJX stock rose nearly 6% to record levels after the report was released Wednesday.The retailer also announced an investment in Brands for Less, a discount retailer with locations across the Middle East as TJX looks to expand its international efforts. Shares of TJX Companies (TJX), which operates discount retailer ...
Why TJX Companies Stock Just Jumped 6%
The Motley Fool· 2024-08-21 16:46
Yes, TJX had a great second quarter. But does its stock now cost too much?Shares of The TJX Companies (TJX 6.13%) -- probably better known to shoppers as T.J. Maxx -- ran up 5.9% through 10:45 a.m. ET after the company announced a beat on both sales and earnings estimates Wednesday morning.Heading into the quarter, analysts forecast TJX would earn $0.92 per share on $13.3 billion in sales. In fact, it earned $0.96 per share, and its revenue approached $13.5 billion. TJX second-quarter earningsTJX reported a ...
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 ...