Company Earnings UpdateTJX Companies (TJX) Fiscal 2Q18 Results: Raises Guidance on Solid First Half, Traffic Continues to Drive Comps Coresight Research August 16, 2017 Executive Summary TJX Companies reported fiscal 2Q18 EPS of $0.85, above both the consensus estimate of $0.84 and management’s expectations. Total revenues increased by 6.0% year over year, to $8.4 billion. Comps increased by 3.0%, versus expectations for a 2.2% increase. Marmaxx comps were up 2.0%, above expectations of 1.0%, while HomeGoods comps were up 7.0%, above expectations of 2.4%. TJX Canada comps were up 7.0% and TJX Europe comps were up 1% in the quarter. For the full year, management raised its EPS projections to $3.89–$3.93, versus prior guidance of $3.71–$3.78 and consensus of $3.89. For the third quarter, the company expects EPS of $0.98–$1.00 versus consensus of $1.00. That increase would represent growth of 18%–20% over the year-ago period’s $0.83. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Confidence and Couture—Consumer Sentiment Ticks Up, Gucci Leads in Luxury: US Consumer Survey InsightsAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John MercerThree Data Points We’re Watching: Will Stock Market Volatility Impact US Consumer Spending?Market Outlook: US Convenience Store Retailing—Charting New Paths Through Structural Headwinds
