Executive Summary

• TJX Cos. reported fiscal 2Q19 revenues of $9.8 billion, up 4.8% year over year and lower than the consensus estimate of $9.9 billion. Earnings per share (EPS) grew 6.9% year over year to $0.62, in line with the consensus estimate.
• The company saw comparable store sales growth of 2.0%, versus a 6.0% increase in the same period last year and lower than the consensus estimate of a 3.1% increase.
• For the fiscal year 2020, TJX Cos. affirmed its guidance of $2.56-2.61 compared to the consensus of $2.61. The company reaffirmed comps of 2-3% compared to the consensus of 3.3%.