The TJX Companies Inc. (TJX - Analyst Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
TJX has seen modest earnings and revenue growth rate over the past few quarters backed by higher traffic, improved margins and solid comparable-store sales growth.
Due to this, investors were eagerly awaiting TJX’s earnings report in order to set the record straight and to give guidance for the company’s outlook.
Investors should also note that earnings estimate for TJX have seen upward revision during the last 30 days. TJX has a mixed history when it comes to recent earnings reports as the stock has posted in line results for three quarter and inline result in the remaining quarter, with an average surprise of a negative 2.66%.
Currently, TJX has a Zacks Rank #3 (Hold), but that could definitely change following TJX Companies’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : TJX beats on earnings. Our consensus earnings estimate called for EPS of $0.76/share, and the company reported EPS of $0.80 instead. Investors should note that these figures take out stock option expenses.
Revenues : TJX reported revenues of $7.4 billion compared to our consensus estimate of $7.3 billion.
Key Stats to Note : Comparable store sales increased 6% year over year compared to a 3% increase a year ago.
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