Insight Report 2 minutes PremiumThe TJX Companies Inc (TJX) 4Q15 Results: Beats Expectations with Solid Comps, Guides Down for 2016 Due to Currency and Wages Coresight Research February 24, 2016 Executive Summary The TJX Companies reported 4Q15 revenues of $9.0 billion, up 7.9% year over year and ahead of the $8.7 billion consensus estimate. EPS of $0.99 beat the consensus estimate of $0.94 and grew by 6.1% versus last year. Higher store traffic drove a 6% increase in comps, which were up from a 4% increase in the year-ago quarter. Comps at TJX Canada were 14% versus a 1% comp in Europe and Australia. The company expects same-store sales growth of 1%–2% in 2016 to be more than offset by foreign currency and wage increases of 4% each. That would put 2016 revenues down 6%–7%, to about $28.9–$2 billion. 2016 EPS is expected to be $3.29–$3.38, up 1%–2%. Guidance for both revenue and EPS is below consensus. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Ebbing Economic Expectations: China Consumer Survey InsightsCelebrating Diwali Worldwide: Retail Offerings for the Festival of LightsRevealing Divisions in Consumer Sentiment: US Consumer Survey Insights ExtraFive Ways AI Is Being Used in Beauty Retail
