TJX Cos. (TJX) Tops Q4 EPS by 5c; Approves Stock Buyback Up to $2B

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Go back to TJX Cos. (TJX) Tops Q4 EPS by 5c; Approves Stock Buyback Up to $2B

The TJX Companies, Inc. Reports Above-Plan Q4 and FY16 Results; Q4 Comp Sales up 6% and EPS up 6%; Announces Plans to Increase Dividend 24% and Buy Back $1.5B to $2.0B of Stock; Provides FY17 Guidance

February 24, 2016 8:36 AM EST

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the fourth quarter and fiscal year ended January 30, 2016. Net sales for the fourth quarter of Fiscal 2016 increased 8% to $9.0 billion and consolidated comparable store sales increased 6% over last years 4% increase. Net income for the fourth quarter was $666 million and diluted earnings per share were $.99, a 6% increase over the prior years $.93.

For the 52-week fiscal year ended January 30, 2016, net sales were... More