The TJX Companies, Inc. Reports Q2 FY21 Results; Reopened Stores and E-commerce Sites Around the World; Reports Second Quarter Sales of $6.7 Billion, Well Above Its Internal Plans; Generates Significa

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Go back to The TJX Companies, Inc. Reports Q2 FY21 Results; Reopened Stores and E-commerce Sites Around the World; Reports Second Quarter Sales of $6.7 Billion, Well Above Its Internal Plans; Generates Significa

Baird Reiterates Outperform Rating on The TJX Companies (TJX) Following 2Q

August 20, 2020 7:08 AM EDT

Baird analyst Mark R. Altschwager reiterated an Outperform rating and $65.00 price target on The TJX Companies (NYSE: TJX) following the company's 2Q earnings report. Sales in the quarter fell 32% with stores closed ~1/3 of the quarter and open-store-comp sales -3%. Management cited some logistical challenges disrupting... More

The TJX Companies (TJX) Defended at MKM Partners

August 19, 2020 9:45 AM EDT

MKM Partners analyst Roxanne Meyer was out defending The TJX Companies (NYSE: TJX) following results, the analyst is telling clients to buy on weakness.

Meyer said TJX is seeing a near-term execution issue and they are confident they will overcome... More

TJX Cos. (TJX) misses Q2 EPS by 8c, sees Q3 open-only comp store sales decrease of 10% to 20%

August 19, 2020 7:54 AM EDT

(Updated - August 19, 2020 7:56 AM EDT)

TJX Cos. (NYSE: TJX) reported Q2 EPS of ($0.18), $0.08 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $6.7 billion versus the consensus estimate of $6.57 billion.

Overall open-only comp store sales (defined below) were down 3% versus last year.

CEO and President Comments

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, It was so great to welcome back our Associates and loyal customers around the world this quarter. I am incredibly proud of the monumental effort of our Associates... More