Edition:
India

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%.