TJX Cos. (TJX) Tops Q4 EPS by 4c, Comps Increase 6%, Offers Q1 and FY Guidance

TJX Cos. (NYSE: TJX) reported Q4 EPS of $0.81, $0.04 better than the analyst estimate of $0.77. Revenue for the quarter came in at $0 versus the consensus estimate of $11.82 billion.

• Q4 consolidated comparable store sales increase of 6%, well above the Company’s guidance of a 2% to 3% increase, and over last year’s 6% growth

GUIDANCE:

TJX Cos. sees FY2021 EPS of $2.77-$2.83, versus the consensus of $2.87.

• For the 52-week fiscal year ending January 30, 2021, the Company expects diluted earnings per share to be in the range of $2.77 to $2.83. This would represent a 4% to 6% increase over the prior year’s $2.67. This EPS outlook is based upon estimated comparable store sales growth of 2% to 3% on both a consolidated basis and at Marmaxx.

TJX Cos. sees Q1 2021 EPS of $0.59-$0.60, versus the consensus of $0.61.

• For the first quarter of Fiscal 2021, the Company expects diluted earnings per share to be in the range of $.59 to $.60 versus earnings per share of $.57 in the prior year. This EPS outlook is based upon estimated comparable store sales growth of 2% to 3% on both a consolidated basis and at Marmaxx.

For earnings history and earnings-related data on TJX Cos. (TJX) click here.

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