TJX beats top and bottom line estimates in Q2, hikes full-year guidance; shares up
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The TJX Companies, Inc. Reports Q2 FY25 Results; Comp Store Sales Growth of 4%, Pretax Profit Margin of 10.9%, and Diluted EPS of $.96 All Above Plan; Raises FY25 Pretax Profit Margin and EPS Guidance
August 21, 2024 7:30 AM EDTQ2 consolidated comparable store sales increased 4%, above the Companys plan, and were entirely driven by an increase in customer transactions Q2 pretax profit margin of 10.9%, up 0.5 percentage points versus last year and well above the Companys plan Q2 diluted earnings per share of $.96, up 13% versus last year and well above the Companys plan Returned $982 million to shareholders in Q2 through share repurchases and dividends Opened 5,000th store worldwide Signed definitive agreement to invest approximately $360 million... More
