Company Earnings Update 2 minutesRegister for Free AccessTJX 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? Register for a free user account. This document was generated for Other research you may be interested in: Dollar Stores and Warehouse Clubs Gain from Valentine’s Day: US Consumer Survey InsightsEarnings Insights 4Q22, Week 5: Floor & Decor, TJX and Walmart Post Solid Sales Momentum; Alibaba and Home Depot See Slowed GrowthAnalyst Corner—Is GenAI Changing the World? Part Two: Solving Four Major Hurdles Takes Progressive Improvement, with Charlie PoonThree Data Points We’re Watching This Week