Edition:
India

TJX Sees Q1 EPS Of $0.59 To $0.60


Wednesday, 26 Feb 2020 

Feb 26 (Reuters) - TJX Companies Inc ::THE TJX COMPANIES, INC. REPORTS ABOVE-GUIDANCE Q4 AND FY20 RESULTS; Q4 COMP SALES UP 6%, Q4 EPS OF $.81, FY20 COMP SALES UP 4%, AND FY20 EPS OF $2.67; ANNOUNCES PLANS TO INCREASE DIVIDEND 13% AND TO BUY BACK $1.75 TO $2.25 BILLION OF STOCK.PROVIDES FY21 GUIDANCE.Q4 COMP SALES UP 6%, Q4 EPS OF $.81.CUSTOMER TRAFFIC WAS PRIMARY DRIVER OF COMP STORE SALES INCREASE AT ALL FOUR MAJOR DIVISIONS FOR Q4.Q4 NET SALES INCREASED 10% TO $12.2 BILLION.SEES Q1 EARNINGS PER SHARE $0.59 TO $0.60.SEES FY EARNINGS PER SHARE $2.77 TO $2.83.SEES FY COMPARABLE STORE SALES GROWTH OF 2% TO 3%.SEES Q1 COMPARABLE STORE SALES GROWTH OF 2% TO 3%.Q4 EARNINGS PER SHARE VIEW $0.77, REVENUE VIEW $11.83 BILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.62 -- REFINITIV IBES DATA.FY EARNINGS PER SHARE VIEW $2.87 -- REFINITIV IBES DATA.INTENDS TO INCREASE REGULAR QUARTERLY DIVIDEND ON ITS COMMON STOCK TO $.26 PER SHARE.TOTAL INVENTORIES AS OF FEBRUARY 1, 2020, WERE $4.9 BILLION.QTRLY MARMAXX (U.S.) COMP STORE SALES UP 6% VERSUS 7% LAST YEAR.