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TJX Companies (TJX) Fiscal 3Q18 Results: Comps Miss, Company Expects FY18 EPS at High End of Guidance Range

Executive Summary

  • TJX Companies reported fiscal 3Q18 EPS of $1.00, versus $0.83 in the year-ago quarter and in line with the consensus estimate. Revenues were $8.76 billion, up 5.7% year over year and slightly below the consensus estimate.
  • Comps were flat, below the 2.4% consensus estimate and compared with 5% in the year-ago quarter, with strength in HomeGoods and TJX Canada offset by softness at Marmaxx and TJX International.
  • The company expects full-year EPS to be at the high end of its $3.91–$3.93 guidance range on comps of 1%–2% before adjustment for currency and changes in accounting.

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