Company Earnings Update

The TJX Companies (NYSE: TJX) 2Q19 Results: Revenues Below Expectations; Affirms Full-Year Guidance

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Coresight Research

Key Points

  • 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%.

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