Edition:
India

The TJX Suspends Share Repurchase Program, Withdraws Financial Guidance


Thursday, 19 Mar 2020 

March 19 (Reuters) - TJX Companies Inc ::THE TJX COMPANIES, INC. PROVIDES COVID-19 UPDATE.TJX COMPANIES INC - CLOSING ALL OF ITS STORES IN UNITED STATES, CANADA, EUROPE, AND AUSTRALIA FOR TWO WEEKS.TJX COMPANIES INC - SUSPENDING ITS SHARE REPURCHASE PROGRAM.TJX COMPANIES INC - DRAWING DOWN $1 BILLION FROM ITS REVOLVING CREDIT FACILITIES.TJX COMPANIES - IT IS WITHDRAWING ITS Q1 AND FULL YEAR FISCAL 2021 FINANCIAL GUIDANCE GIVEN ON ITS FEBRUARY 26, 2020 EARNINGS CONFERENCE CALL.TJX COMPANIES INC - REVIEWING ALL OPERATING EXPENSES.TJX COMPANIES INC - REDUCING CAPITAL EXPENDITURES.TJX COMPANIES INC - EVALUATING ITS DIVIDEND PROGRAM.TJX COMPANIES INC - REDUCING CAPITAL EXPENDITURES.TJX COMPANIES INC - COMPANY IS NOT PROVIDING AN UPDATED OUTLOOK AT THIS TIME.TJX COMPANIES INC - WITHDRAWING ITS Q1 AND FULL YEAR FISCAL 2021 FINANCIAL GUIDANCE.TJX COMPANIES INC - ALSO CLOSING ITS ONLINE BUSINESSES TJMAXX.COM, MARSHALLS.COM, AND SIERRA.COM.TJX COMPANIES INC - TEMPORARILY CLOSING ITS DISTRIBUTION CENTERS & OFFICES.