The TJX Companies

TJX

US8725401090

Discount Stores

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Apr. 04	Dollarama's forecast annual sales largely above expectations on steady demand	RE
Apr. 02	TJX Increases Quarterly Dividend $0.0425 to $0.375, Payable June 6 to Shareholders of Record May 16	MT

TJX Posts Lower 2Q Sales as Discretionary Spending Dries Up

August 17, 2022 at 08:23 am EDT

By Dean Seal

TJX Cos. posted higher-than-expected earnings for the second quarter, but said sales fell as historically high inflation blunted discretionary spending among its consumers.

The operator of brands such as TJ Maxx and Marshalls said net income for the quarter ended July 30 was $809.3 million, compared with $785.7 million a year earlier.

Earnings were 69 cents a share, up from 64 cents a share, it said. Analysts polled by FactSet had been expecting 67 cents a share.

Sales were $11.84 billion, down from $12.08 billion, and below both its own expectations of at least $12 billion and Wall Street expectations of $12.04 billion.

The company said same-store sales were down 5%, with its brand Marmaxx seeing a 2% drop while HomeGoods sales dropped 13%.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

08-17-22 0822ET

Latest news about The TJX Companies

Dollarama's forecast annual sales largely above expectations on steady demand	Apr. 04	RE
TJX Increases Quarterly Dividend $0.0425 to $0.375, Payable June 6 to Shareholders of Record May 16	Apr. 02	MT
The Tjx Companies, Inc. Announces 13% Increase in Common Stock Dividend, Payable on June 6, 2024	Apr. 02	CI
Tjx Companies Insider Sold Shares Worth $1,979,676, According to a Recent SEC Filing	Mar. 21	MT
Investors push Zara owner Inditex to publish full supply chain	Mar. 11	RE
Ross Stores forecasts downbeat annual profit on sluggish consumer spending	Mar. 05	RE
UBS Adjusts TJX Companies Price Target to $104 From $95, Maintains Neutral Rating	Mar. 01	MT
TJX's Fiscal Q4 Wraps Up 'Strong Year,' Morgan Stanley Says; Price Target Lifted	Feb. 29	MT
Deutsche Bank Raises TJX Companies Price Target to $112 From $99, Maintains Buy Rating	Feb. 29	MT
Telsey Advisory Adjusts Price Target on TJX Companies to $112 From $105, Keeps Outperform Rating	Feb. 29	MT
Morgan Stanley Lifts Price Target on TJX to $118 From $116 After 'Impressive' Fiscal Q4, Keeps Overweight Rating	Feb. 29	MT
Global markets live: Reckitt, Apple, Warner, Eli Llily, Intel...	Feb. 28
TJ Maxx Parent TJX Forecasts Slowdown in Comparable Sales Following Fourth-Quarter Revenue Beat	Feb. 28	MT
Transcript : The TJX Companies, Inc., Q4 2024 Earnings Call, Feb 28, 2024	Feb. 28
The TJX Companies, Inc. Provides Earnings Guidance for the First Quarter and Full Fiscal Year 2025	Feb. 28	CI
The TJX Companies, Inc. Provides Quarterly Dividend Guidance	Feb. 28	CI
The TJX Companies, Inc. announces an Equity Buyback for $2,500 million worth of its shares.	Feb. 28	CI
Tranche Update on The TJX Companies, Inc.'s Equity Buyback Plan announced on February 22, 2023.	Feb. 28	CI
TJX's Fiscal Q4 Adjusted Earnings, Sales Rise; To Lift Quarterly Dividend; To Buy Back up to $2.5 Billion of Shares in Fiscal 2025	Feb. 28	MT
Earnings Flash (TJX) THE TJX COMPANIES Posts Q4 EPS $1.12, vs. Street Est of $1.12	Feb. 28	MT
TJ Maxx parent beats quarterly sales estimates	Feb. 28	RE
The TJX Companies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024	Feb. 28	CI
The TJX Companies, Inc. authorizes a Buyback Plan.	Feb. 27	CI
Federal Realty Investment misses quarterly revenue expectations	Feb. 12	RE
The TJX Companies, Inc. Announces Executive Change	Feb. 06	CI

The TJX Companies, Inc. is No. 1 in America of discount retail distribution of clothing and household items. Net sales break down by family of products as follows: - apparel and accessories (46%); - home goods (39%): home furnishings, lamps, rugs decorative accessories, etc.; - jewelery and accessories (15%). At 30/01/2021, the group had a network of 4,572 stores located in the United States (3,305, of which 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra and 34 Homesense), Canada (525, of which 280 Winners, 143 HomeSense and 102 Marshalls), Europe and Australia (742, of which 602 T.K. Maxx, 78 HomeSense and 62 Trade Secret). Net sales are distributed geographically as follows: the United States (79.2%), Europe and Australia (12%) and Canada (8.8%).

Sector

Discount Stores

Calendar

2024-05-14 - Ex-dividend day

Related indices

S&P 500

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