TJX Search Earning

TJX Companies Inc The

TJX

TJX Companies fell 2.5% to $90.20 after the apparel and household goods retailer reported positive quarterly results, but the company's guidance fell short of some investors' expectations.

Revenue in the third quarter ending in October rose 9% to $13.3 billion from $12.2 billion, net income advanced to $1.2 billion from $1.1 billion, and diluted earnings per share rose to $1.03 from 91 cents a year ago.

Comparable store sales in the quarter increased by 6%, slower than 14% a year ago.

U.S. comparable stores at Home Goods chain rose 9% compared to a decline of 16%, and Marmaxx stores (TJ Maxx and Marshall stores) increased 7% compared to 3% increase a year ago, respectively.

Total inventories at the end of the quarter were $8.3 billion, flat compared to a year ago.

During the quarter, the company repurchased $650 million of its own shares, retired 7.2 million shares, and paid $380 million in shareholder dividends.

The company now expects to repurchase approximately $2.25 billion to $2.5 billion of its stock during the fiscal year ending on February 3, 2024.

TJX estimated comparable sales in the fourth quarter to increase between 3% and 4%, and diluted earnings per share between $1.07 and $1.10.

For the fiscal year ending on February 4, 2024, the retailer estimated comparable sales to increase between 4% and 5% and diluted earnings per share between $3.71 and $3.74, including the benefit of the 53rd week.
Nov 15, 2023

Year	May	Aug	Nov	Feb	Annual

2023	0.88	0.76	0.85	1.03	-
2022	0.78	0.49	0.69	0.91	2.97
2021	0.28	0.44	0.64	0.84	2.7
2020	0.8	-0.74	-0.18	0.71	0.07
2019	0.59	0.57	0.62	0.81	2.67
2018	1.37	1.13	1.17	0.63	2.43
2017	1.03	0.82	0.85	1	3.7
2016	0.99	0.76	0.84	0.91	3.5
2015	0.93	0.69	0.80	0.86	3.28
2014	0.32	0.37	0.43	0.40	1.47
2013	0.31	0.33	0.43	0.41	1.28
2012	0.28	0.28	0.31	0.31	0.97
2011	0.17	0.23	0.27	0.21	0.83
2010	0.20	0.19	0.23	0.23	0.71
2009	0.12	0.15	0.20	0.15	0.5
2008	0.11	0.11	0.14	0.16	0.42
2007	0.09	0.03	0.14	0.11	0.39
2006	0.09	0.07	0.12	0.15	0.35
2005	0.07	0.06	0.08	0.07	0.3