TJX Cos. (TJX) Tops Q1 EPS by 16c, Open-only Comp Store Sales Increased 16%

TJX Cos. (NYSE: TJX) reported Q1 EPS of $0.44, $0.16 better than the analyst estimate of $0.28. Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $8.38 billion.

• Q1 FY22 overall open-only comp store sales increased 16% compared to Q1 FY20

Outlook:

For the start of the second quarter of Fiscal 2022, overall open-only comp store sales trends remain similar to the first quarter. In the second quarter of Fiscal 2022, the Company expects total sales, pretax margin, and earnings per share to be negatively impacted from the temporary store closings described above. Due to the continued uncertainty of the current environment, the Company is not providing financial guidance at this time.

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

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