TJX Cos. (TJX) Tops Q3 EPS by 31c, to Reinstate Dividend

TJX Cos. (NYSE: TJX) reported Q3 EPS of $0.71, $0.31 better than the analyst estimate of $0.40. Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $9.38 billion.

• open-only comp store sales decreased 5%, which was well above the Company’s plans
• Plans to reinstate payment of its quarterly dividend, subject to approval by the Company’s Board of Directors, at an increased rate of $.26 per share

Outlook:

For the first two weeks of the fourth quarter, overall open-only comp store sales were down 7%, similar to the trend the Company saw during the last week of October. Due to the increasing uncertainty of the current environment and the difficulty in forecasting the impact of the global pandemic on temporary store closures and consumer behavior, demand, and traffic, the Company is not providing guidance at this time.

Stores by Concept

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

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