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The TJX Companies (TJX) 3Q19 Results: Strong Comparable Sales, In-Line EPS

Executive Summary

  • In 3Q19, the TJX Companies grew revenue 12.1% year over year to $9.83 billion, beating the consensus estimate of $9.5 billion. Adjusted EPS of $0.54 was inline with consensus.
  • Gross margins were impacted by increased freight costs and expenses associated with the company’s supply chain.
  • For full year FY19, management expects adjusted earnings per share to be $2.08-$2.09, an 8% increase over the prior year’s adjusted earnings per share of $1.93.

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