TJX Cos. (TJX) Tops Q2 EPS by 9cm, Comps Increase 20%, Sales Very Strong to Start Q3

TJX Cos. (NYSE: TJX) reported Q2 EPS of $0.64, $0.09 better than the analyst estimate of $0.55. Revenue for the quarter came in at $12.1 billion versus the consensus estimate of $10.88 billion.

• Q2 FY22 overall open-only comp store sales increased 20% over Q2 FY20

Outlook:

For the start of the third quarter of Fiscal 2022, sales are very strong, with overall open-only comp store sales up mid-teens over the third quarter of Fiscal 2020. Currently, all of the Company’s stores in the U.S., Canada, and Europe are open, and approximately 40 of its Australian stores are closed. While the Company is currently not expecting any significant store closures during the third quarter, it could experience temporary closures again if new COVID-related regulations are put in place. 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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