Edition:
India

TJX Cos Inc Exec says Included A Very Small Impact Of Existing Tariffs On FY2020 Forecast - Conf call


Tuesday, 21 May 2019 

May 21 (Reuters) - TJX Companies Inc ::CFO ON TJX CANADA - WE BELIEVE UNSEASONABLE WEATHER THROUGHOUT CANADA DAMPENED FIRST QUARTER SALES - CONF CALL.EXEC - WE SEE THE POTENTIAL TO GROW TJX TO 6,100 TOTAL STORES WITH JUST OUR CURRENT RETAIL BANNERS IN OUR CURRENT COUNTRIES.EXEC - WE HAVE INCLUDED A VERY SMALL IMPACT OF EXISTING TARIFFS ON FY2020 FORECAST.EXEC - IT IS DIFFICULT FOR US TO FORECAST THE POTENTIAL TARIFF IMPACT ON COSTS OR RETAIL PRICES IN SHORT TERM AND HOW WE WOULD RESPOND.SEES FY SALES OF $25.2 BILLION TO $25.4 BILLION AT MARMAXX.EXPECTS Q2 SALES IN THE RANGE OF $9.8 BILLION TO $9.9 BILLION.ON HOME GOODS - BACK HALF IS LESS PRESSURED DUE TO BOTH SUPPLY CHAIN AND NEW STORE IMPACT.