Insight Report 3 minutes PremiumThe TJX Companies Inc (TJX) 2Q16 Results: Strong Traffic and Comps Continued in 2Q; 3Q Off to a Strong Start Coresight Research August 16, 2016 Executive Summary The TJX Companies reported 2Q16 EPS of $0.84 versus the consensus estimate of $0.81. Total revenues were $7.88 billion, above expectations of $7.85 billion. Comps were up 4%, beating expectations of 3.5%, and were almost completely driven by higher traffic. The period marked the seventh consecutive quarter in which comps were primarily driven by increases in traffic. Units per transaction increased, while average ticket declined by slightly more than planned. Both the apparel (including accessories) and home categories performed well. For the full year, the company raised its EPS outlook to $3.39–$3.43 from $3.35–$3.42 previously, based on 3%–4% expected comp growth. The increase is based on better performance in the second quarter. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Consumers Maintain Consistent Summer Spending Patterns: US Consumer Tracker 2023, Week 32Groceryshop 2023 Day One: Startup Pitch Winners, Generative AI, Unified Shopping and MoreGenerative AI Latest: Indemnity for Platform Users; Image-Generation Updates from Adobe and CanvaWeekly US and UK Store Openings and Closures Tracker 2024, Week 28: Big Lots To Close Stores; Hudson’s Bay Company Acquires Neiman Marcus