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Company Earnings Update

The TJX Companies (NYSE: TJX) 1Q20 Results: Company Beats Expectations and Raises Full-Year Guidance

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Coresight Research

Key Points

  • TJX Cos. reported fiscal 1Q20 revenues of $9.28 billion, up 6.8% year over year and beating the consensus estimate of $9.22 billion. The company’s earnings per share (EPS) grew 1.8% year over year to $0.57, exceeding the high end of its guidance range of $0.53-0.54 and ahead of the consensus estimate of $0.55.
  • The company saw comparable store sales growth of 5.0%, versus a 3.0% increase in the same period last year and beating the consensus estimate of a 3.6% increase.
  • For 2Q20, TJX Cos. forecasts EPS of $0.61-0.62, an increase of 5-7% and in line with the consensus estimate of $0.62. For the fiscal year 2020, TJX Cos. raised its guidance and now expects EPS of $2.56-2.61 versus prior guidance of $2.55-2.60 and compared with the consensus estimate of $2.61.

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