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TJX tops earnings estimates as holiday sales jump 13%
CNBC· 2024-02-28 13:17
A HomeGoods shopping cart area in front of a T.J. Maxx store in Pinole, California, US, on Wednesday, May 3, 2023.TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Here's how TJX did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $1.22 vs. $1.12 expectedRevenue: $16.41 billion vs. $16.21 billion expectedFor the quarter ended ...
TJX reports a strong Q4: here's what its CEO said today
Invezz· 2024-02-28 12:36
TJX Companies Inc (NYSE: TJX) is trading up in premarket on Wednesday after reporting strong financial results for its fourth quarter.TJX expects sequential decline in EPS Copy link to section Investors are content also because the off-price retailer issued upbeat guidance for the future. TJX now expects up to 3.0% annualised growth in comparable sales in Q1. Analysts, in comparison, were at %. Ernie Herrman – the chief executive of TJX Companies said in a press release today:We had a very strong finish to ...
The TJX Companies, Inc. Reports Q4 and Full Year FY24 Results; Q4 Comp Store Sales Growth of 5%, Pretax Profit Margin, and Diluted EPS All Above Plan; Expects to Increase Dividend by 13% and Buy Back $2.0 to $2.5 Billion of Stock in FY25
Businesswire· 2024-02-28 12:30
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and operating results for the fourth quarter and fiscal year ended February 3, 2024. Net sales for the 14-week fourth quarter of Fiscal 2024 were $16.4 billion, an increase of 13% versus the 13-week fourth quarter of Fiscal 2023. Consolidated comparable store sales increased 5%. For the 14-week fourth quarter of Fiscal 2024, net in ...
TJX(TJX) - 2024 Q4 - Annual Results
2024-02-27 16:00
Exhibit 99.1 CONTACT: Debra McConnell Global Communications FOR IMMEDIATE RELEASE (508) 390-2323 Wednesday, February 28, 2024 THE TJX COMPANIES, INC. REPORTS Q4 AND FULL YEAR FY24 RESULTS; Q4 COMP STORE SALES GROWTH OF 5%, PRETAX PROFIT MARGIN, AND DILUTED EPS ALL ABOVE PLAN; EXPECTS TO INCREASE DIVIDEND BY 13% AND BUY BACK $2.0 TO $2.5 BILLION OF STOCK IN FY25 • Q4 consolidated comparable store sales increased 5%, above the Company's plan, and were entirely driven by an increase in customer transactions • ...
Is a Surprise Coming for The TJX Companies (TJX) This Earnings Season?
Zacks Investment Research· 2024-02-27 14:56
Investors are always looking for stocks that are poised to beat at earnings season and The TJX Companies, Inc. (TJX) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because The TJX Companies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...
Things to Note Before The TJX Companies (TJX) Q4 Earnings
Zacks Investment Research· 2024-02-26 17:36
The TJX Companies, Inc. (TJX) is likely to register top-and bottom-line growth when it reports fourth-quarter fiscal 2024 earnings on Feb 28.The Zacks Consensus Estimate for revenues is pegged at $16.2 billion, suggesting an increase of 11.6% from the prior-year quarter’s reported figure. The consensus mark for fiscal 2024 revenues is pegged at $54 billion, suggesting an 8.2% rise from the year-ago period’s reported figure.  The Zacks Consensus Estimate for quarterly earnings has moved up by a penny in the ...
Stay Ahead of the Game With TJX (TJX) Q4 Earnings: Wall Street's Insights on Key Metrics
Zacks Investment Research· 2024-02-23 15:21
The upcoming report from TJX (TJX) is expected to reveal quarterly earnings of $1.11 per share, indicating an increase of 24.7% compared to the year-ago period. Analysts forecast revenues of $16.19 billion, representing an increase of 11.5% year over year.Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of th ...
TJX (TJX) Earnings Expected to Grow: Should You Buy?
Zacks Investment Research· 2024-02-21 16:06
The market expects TJX (TJX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Febr ...
The TJX Companies, Inc. to Report Q4 and Full Year FY24 Results February 28, 2024
Businesswire· 2024-02-14 16:00
FRAMINGHAM, Mass.--(BUSINESS WIRE)--The TJX Companies, Inc. (NYSE: TJX) today announced that it plans to release its fourth quarter and full year Fiscal 2024 sales and earnings results on Wednesday, February 28, 2024, before 9:30 a.m. ET. At 11:00 a.m. ET that day, Ernie Herrman, TJX’s Chief Executive Officer and President, will hold a conference call to discuss the Company’s fourth quarter and full year Fiscal 2024 results, operations, and business trends. A real-time webcast of the call will be available ...
TJX (TJX) Exceeds Market Returns: Some Facts to Consider
Zacks Investment Research· 2024-02-07 00:01
TJX (TJX) ended the recent trading session at $97.10, demonstrating a +0.47% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.23% gain on the day. Meanwhile, the Dow gained 0.37%, and the Nasdaq, a tech-heavy index, added 0.07%.The parent of T.J. Maxx, Marshalls and other stores's shares have seen an increase of 4.13% over the last month, not keeping up with the Retail-Wholesale sector's gain of 6.9% and the S&P 500's gain of 5.3%.The upcoming earnings release of TJX will b ...