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TJX Companies Inc (TJX.N)

TJX.N on New York Stock Exchange

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16 Sep 2019
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Latest Key Developments (Source: Significant Developments)

The TJX Companies Reports Q2 Earnings Per Share Of $0.62
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - TJX Companies Inc ::QTRLY MARMAXX NET SALES $6,107 MILLION VERSUS $5,848 MILLION .Q2 EARNINGS PER SHARE $0.62.QTRLY NET SALES INCREASED 5% TO $9.8 BILLION.QTRLY CONSOLIDATED COMP STORE SALES INCREASED 2%.QTRLY NET SALES INCREASED 5% TO $9.8 BILLION.MAINTAINS FULL YEAR FISCAL 2020 OUTLOOK FOR COMP STORE SALES AND EARNINGS PER SHARE.Q2 EARNINGS PER SHARE VIEW $0.62, REVENUE VIEW $9.90 BILLION -- REFINITIV IBES DATA.TOTAL INVENTORIES AS OF AUGUST 3, 2019, WERE $5.1 BILLION, COMPARED WITH $4.5 BILLION AT END OF Q2 LAST YEAR.SEES Q3 2020 EARNINGS PER SHARE $0.63 TO $0.65.TJX COMPANIES - OVERALL NET IMPACT OF FOREIGN CURRENCY EXCHANGE RATES HAD A NEUTRAL IMPACT ON Q2 FISCAL 2020 EARNINGS PER SHARE.CONTINUES TO EXPECT FY DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $2.56 TO $2.61.SEES Q3 COMPARABLE STORE SALES GROWTH OF 1% TO 2% ON A CONSOLIDATED BASIS.SEES Q3 COMPARABLE STORE SALES GROWTH OF 1% TO 2% AT MARMAXX.SEES FY COMPARABLE STORE SALES GROWTH OF 2% TO 3% ON A CONSOLIDATED BASIS AND AT MARMAXX.Q3 EARNINGS PER SHARE VIEW $0.68 -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $2.62 -- REFINITIV IBES DATA.SEES FY ADJUSTED DILUTED EARNINGS PER SHARE TO INCREASE 4% TO 7%.  Full Article

The TJX Companies Announces 18% Increase In Common Stock Dividend
Tuesday, 2 Apr 2019 

April 2 (Reuters) - TJX Companies Inc ::THE TJX COMPANIES, INC. ANNOUNCES 18% INCREASE IN COMMON STOCK DIVIDEND.INCREASES QUARTERLY DIVIDEND BY 18 PERCENT.SETS REGULAR QUARTERLY DIVIDEND OF $0.23PER SHARE.COMPANIES INC - PLAN TO CONTINUE SHARE BUYBACK PROGRAM, WITH APPROXIMATELY $1.75 TO $2.25 BILLION OF REPURCHASES PLANNED FOR FISCAL 2020.  Full Article

TJX Companies - Expects First Quarter Consolidated Sales Of About $9.1 Bln To $9.2 Bln - Conf Call
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - TJX Companies Inc ::EXEC - THE FIRST QUARTER IS OFF TO A SOLID START - CONF CALL.EXEC - IN Q4, WE SAW STRENGTH IN BOTH MARMAXX' APPAREL AND HOME BUSINESSES - CONF CALL.EXEC - WE ARE CONFIDENT THAT WE WILL CONTINUE TO GAIN MARKET SHARE IN EUROPE, DESPITE THE CHALLENGING CONSUMER ENVIRONMENT - CONF CALL.EXEC - OUR RESEARCH TELLS US THAT WE SAW A GROWTH IN NEW CUSTOMERS... INCLUDING A SIGNIFICANT SHARE OF MILLENNIAL AND GEN Z SHOPPERS - CONF CALL.EXEC - OUR E-COMMERCE BUSINESSES HAD ANOTHER YEAR OF DOUBLE-DIGIT SALES GROWTH - CONF CALL.EXEC - WE WILL BE LAUNCHING E-COMMERCE (SITE) FOR MARSHALL'S LATER THIS YEAR - CONF CALL.EXEC - FY2020 EPS GUIDANCE ASSUMES CONSOLIDATED SALES IN THE $41 BILLION-$41.2 BILLION RANGE - CONF CALL.EXEC - EXPECT FIRST QUARTER CONSOLIDATED SALES OF APPROXIMATELY $9.1 BILLION TO $9.2 BILLION - CONF CALL.EXEC -WE PLAN TO ADD ABOUT 230 NET NEW STORES IN FISCAL 2020 - CONF CALL.EXEC - WE HAVE FREIGHT MITIGATION STRATEGIES, WHICH WE BELIEVE ARE GOING TO START BENEFITING US NEXT YEAR- CONF CALL.  Full Article

The TJX Companies Q4 Diluted EPS Of $.68
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - TJX Companies Inc ::THE TJX COMPANIES, INC. REPORTS Q4 AND FY19 RESULTS; ACHIEVES ABOVE-PLAN COMP SALES GROWTH OF 6% FOR BOTH Q4 AND FY19; EXCEEDS Q4 EPS EXPECTATIONS; ANNOUNCES PLANS TO INCREASE DIVIDEND 18% AND TO BUY BACK $1.75 TO $2.25 BILLION OF STOCK.ANNOUNCES PLANS TO INCREASE DIVIDEND 18% AND TO BUY BACK $1.75 TO $2.25 BILLION OF STOCK.Q4 DILUTED EPS OF $.68.Q4 NET SALES OF $11.1 BILLION.CUSTOMER TRAFFIC WAS PRIMARY DRIVER OF COMP SALES INCREASES AT EVERY DIVISION FOR Q4 AND FY19.Q4 REVENUE VIEW $11.00 BILLION -- REFINITIV IBES DATA.PROVIDES FY20 GUIDANCE.SEES 2020 DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $2.55 TO $2.60.QTRLY ADJUSTED DILUTED EPS $.59.INTENDS TO INCREASE QUARTERLY DIVIDEND ON ITS COMMON STOCK TO BE DECLARED IN APRIL 2019 AND PAYABLE IN JUNE 2019 TO $.23 PER SHARE.SEES Q1 2020 DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $.53 TO $.54.PLAN TO REPURCHASE APPROXIMATELY $1.75 TO $2.25 BILLION OF TJX STOCK DURING FISCAL YEAR ENDING FEBRUARY 1, 2020.$1.7 BILLION REMAINING AT FISCAL 2019 YEAR END UNDER COMPANY'S STOCK REPURCHASE PROGRAMS.APPROVED A NEW STOCK REPURCHASE PROGRAM THAT AUTHORIZES REPURCHASE OF UP TO AN ADDITIONAL $1.5 BILLION OF TJX COMMON STOCK.Q1 EARNINGS PER SHARE VIEW $0.58 -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $2.60 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE VIEW $0.68, REVENUE VIEW $11.00 BILLION -- REFINITIV IBES DATA.  Full Article

TJX recalls drawer knobs due to laceration hazard sold at T.J. Maxx, Marshalls, and Homegoods Stores
Friday, 14 Dec 2018 

Dec 13 (Reuters) - TJX Companies Inc ::TJX RECALLS DRAWER KNOBS DUE TO LACERATION HAZARD; SOLD AT T.J. MAXX, MARSHALLS, AND HOMEGOODS STORES.U.S. CPSC - TJX RECEIVED 1 U.S. REPORT OF GLASS KNOB SHATTERING WHEN IT WAS PULLED, RESULTING IN LACERATIONS TO CONSUMER'S FINGERS.U.S. CPSC - RECALLS ABOUT 21,500 DRAWER KNOBS WHICH ARE SOLD AT T.J. MAXX, MARSHALLS, AND HOMEGOODS STORES DUE TO LACERATION HAZARD.  Full Article

TJX Cos - Expect Freight, Wage Each To Have About 2 Percent Negative Impact To Fiscal'20 EPS Growth
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - TJX Companies Inc ::EXEC - BELIEVE CO VERY STRONGLY POSITIONED AS A DESTINATION FOR GIFTS THIS HOLIDAY SEASON - CONF CALL.EXEC - WE HAVE EXPANDED CATEGORY OFFERINGS AND ARE BRINGING MORE BRANDS TO U.S. AND U.K. E-COMMERCE SITES THIS HOLIDAY SEASON - CONF CALL.EXEC - ANTICIPATING Q4 GROSS PROFIT MARGIN TO BE IN RANGE OF 27.6 PERCENT - 27.7 PERCENT VERSUS THE ADJUSTED 27.9 PERCENT LAST YEAR - CONF CALL.EXEC - EXPECTING Q4 SG&A AS A PERCENT OF SALES TO BE ABOUT 17.2 PERCENT VERSUS AN ADJUSTED 16.4 PERCENT LAST YEAR - CONF CALL.EXEC - WE ARE PLANNING FY19 GROSS PROFIT MARGIN TO BE IN RANGE OF 28.5 PERCENT TO 28.6 PERCENT COMPARED WITH ADJUSTED 28.8% PCTLAST YEAR - CONF CALL.EXEC - AT MARMAXX, CO PLANNING COMPARABLE SALES GROWTH OF 6 PERCENT ON SALES OF $23.8 BILLION - CONF CALL.EXEC - AT TJX INTERNATIONAL, WE CONTINUE TO EXPECT COMPARABLE SALES GROWTH OF 2 PERCENT ON SALES OF $5.2 BILLION - CONF CALL.EXEC - WE ARE EXPECTING INCREMENTAL MARGIN PRESSURE TO CONTINUE FROM FREIGHT, WAGE INCREASES AND SUPPLY CHAIN INVESTMENTS TO SUPPORT GROWTH - CONF CALL.EXEC - WE EXPECT FREIGHT AND WAGE EACH TO HAVE ABOUT 2 PERCENT NEGATIVE IMPACT TO EPS GROWTH IN FISCAL'20 - CONF CALL.EXEC - WE'RE EXPECTING EPS GROWTH NEXT YEAR TO TICK DOWN FROM HIGH END OF ORIGINAL FISCAL '19 PLAN OF 6 PERCENT EPS GROWTH - CONF CALL.  Full Article

TJX Companies Inc Reports Q3 FY19 Adj EPS Of $0.54
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - TJX Companies Inc ::TJX COMPANIES INC QTRLY DILUTED EPS OF $.61.TJX COMPANIES INC QTRLY NET SALES INCREASED 12% TO $9.8 BILLION.TJX COMPANIES INC - UPDATES FULL-YEAR FISCAL 2019 GUIDANCE.TJX COMPANIES INC QTRLY CONSOLIDATED COMP STORE SALES UP 7%.TJX COMPANIES INC QTRLY ADJUSTED EARNINGS PER SHARE $0.54.TJX COMPANIES - TOTAL INVENTORIES AS OF NOV 3, 2018, WERE $5.5 BILLION, COMPARED WITH $4.7 BILLION AT END OF Q3 LAST YEAR.TJX COMPANIES INC - NOW EXPECTS TO REPURCHASE APPROXIMATELY $2.5 BILLION OF TJX STOCK IN FISCAL 2019.TJX COMPANIES INC - FOR Q4 OF FISCAL 2019, EXPECTS DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $.66 TO $.67.TJX COMPANIES INC - EXPECTS Q4 ADJUSTED EARNINGS PER SHARE TO BE IN RANGE OF $.56 TO $.57.TJX COMPANIES INC QTRLY MARMAXX NET SALES $5,973 MILLION VERSUS $5,298 MILLION.TJX COMPANIES INC - IS INCREASING ADJUSTED EARNINGS PER SHARE GUIDANCE TO A RANGE OF $2.08 TO $2.09 FOR FY 2019.TJX COMPANIES INC - EXPECTS FY 2019 DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $2.41 TO $2.43.TJX COMPANIES INC QTRLY MARMAXX COMP STORE SALES UP 9%.TJX COMPANIES - MOVEMENT IN FOREIGN CURRENCY EXCHANGE RATES HAD 1 PERCENTAGE POINT NEGATIVE IMPACT ON CONSOLIDATED NET SALES GROWTH IN Q3 VERSUS PRIOR YEAR.TJX COMPANIES INC - OVERALL NET IMPACT OF FOREIGN CURRENCY EXCHANGE RATES HAD $0.01 NEGATIVE IMPACT ON Q3 EPS VERSUS $0.02 POSITIVE IMPACT LAST YEAR.TJX COMPANIES INC QTRLY CONSOLIDATED COMPARABLE STORE SALES INCREASED 7%.  Full Article

The TJX Companies Reports Qtrly EPS $1.17
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - TJX Companies Inc ::REPORTS ABOVE-PLAN Q2 FY19 RESULTS WITH COMP SALES GROWTH OF 6 PCT AND EPS OF $1.17; RAISES FULL-YEAR EPS AND COMP GUIDANCE.INCREASED FULL-YEAR FISCAL 2019 DILUTED EPS AND COMPARABLE STORE SALES GUIDANCE.QTRLY DILUTED EPS OF $1.17.QTRLY CONSOLIDATED COMP STORE SALES INCREASED 6 PCT.QTRLY NET SALES INCREASED 12 PCT TO $9.3 BILLION.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE WERE $.99.FOR Q3 OF FISCAL 2019, COMPANY EXPECTS DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $1.18 TO $1.20.OVERALL NET IMPACT OF FOREIGN CURRENCY EXCHANGE RATES HAD A NEUTRAL IMPACT ON Q2 FISCAL 2019 EPS.EXPECTS Q3 ADJUSTED EARNINGS PER SHARE TO BE IN RANGE OF $1.00 TO $1.02.TOTAL INVENTORIES AS OF AUGUST 4, 2018, WERE $4.5 BILLION, COMPARED WITH $3.9 BILLION AT END OF Q2 LAST YEAR.Q3 EPS OUTLOOK IS BASED UPON ESTIMATED CONSOLIDATED COMPARABLE STORE SALES GROWTH OF 2 PCT TO 3 PCT.SEES FY FISCAL 2019 DILUTED EARNINGS PER SHARE TO BE IN RANGE OF $4.83 TO $4.88.TJX COMPANIES - QTRLY MARMAXX SALES $5,848 MILLION VERSUS $5,285 MILLION.COMPANY NOW EXPECTS ADJUSTED EARNINGS PER SHARE TO BE IN RANGE OF $4.10 TO $4.14 FOR FY.FY EPS OUTLOOK IS BASED UPON ESTIMATED COMPARABLE STORE SALES GROWTH OF 3 PCT TO 4 PCT ON BOTH A CONSOLIDATED BASIS AND AT MARMAXX.Q2 EARNINGS PER SHARE VIEW $1.05, REVENUE VIEW $9.00 BILLION -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $1.23 -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $4.86 -- THOMSON REUTERS I/B/E/S.  Full Article

Target Names John Bauer Senior VP, Global Inventory Management
Friday, 10 Aug 2018 

Aug 9 (Reuters) - Target Corp ::TARGET NAMES JOHN BAUER SENIOR VICE PRESIDENT, GLOBAL INVENTORY MANAGEMENT.TARGET CORP - BAUER MOST RECENTLY SERVED AS CHIEF LOGISTICS OFFICER FOR TJX COMPANIES INC.  Full Article

TJX Companies Says CEO Ernie Herrman's FY 2018 Total Compensation Was $16.9 Million
Thursday, 26 Apr 2018 

April 26 (Reuters) - TJX Companies Inc ::TJX COMPANIES SAYS CEO ERNIE HERRMAN'S FY 2018 TOTAL COMPENSATION WAS $16.9 MILLION VERSUS $18.5 IN FY 2017 - SEC FILING.TJX COMPANIES INC SAYS EXECUTIVE CHAIRMAIN CAROL MEYROWITZ'S FY 2018 TOTAL COMPENSATION WAS $13.4 MILLION VERSUS $14.5 MILLION IN FY 2017 - SEC FILING.  Full Article

UPDATE 2-TJX posts rare same-store sales miss as competition stiffens

Aug 20 TJX Cos Inc forecast third-quarter profit below expectations and reported quarterly same-store sales that missed estimates for the first time in more than a year, as the discount store operator faces intense competition from online and other retailers.