TJX Cos. (TJX) Tops Q2 EPS by 12c, Comps Increase 6%

TJX Cos. (NYSE: TJX) reported Q2 EPS of $1.17, $0.12 better than the analyst estimate of $1.05. Revenue for the quarter came in at $9.33 billion versus the consensus estimate of $8.99 billion.

Consolidated comp store sales increased 6% over last year’s 3% increase

GUIDANCE:

TJX Cos. sees Q3 2019 EPS of $1.18-$1.20, versus the consensus of $1.23.

• This EPS outlook is based upon estimated consolidated comparable store sales growth of 2% to 3% and Marmaxx comparable store sales growth of 3% to 4%.
• For the 52-week fiscal year ending February 2, 2019, the Company now expects diluted earnings per share to be in the range of $4.83 to $4.88, which represents a 20% to 21% increase over the prior year’s $4.04.

(**Street sees FY EPS of $4.86)

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

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