TJX Cos. (TJX) plans 13% dividend increase, to buyback up to $2.5B in stock
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The TJX Companies, Inc. Reports Q4 and FY23 Results; Above-Plan Q4 FY23 U.S. Comp Sales Growth of 4% and Q4 FY23 Marmaxx Comp Sales Growth of 7%; Plans to Increase Dividend by 13% and to Buy Back $2.0
February 22, 2023 7:30 AM ESTQ4 FY23 U.S. comp store sales increased 4%, well above the Companys plan and versus a 13% U.S. open-only comp store sales increase last year Q4 FY23 comp store sales at Marmaxx increased 7%, driven by very strong sales of apparel and accessories categories Q4 FY23 diluted earnings per share of $.89, up 14% versus the prior year and at the high-end of the Companys plan Q4 FY23 pretax profit margin of 9.2%, below the Companys plan due to an unplanned shrink charge... More
