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TJX Companies (TJX) Fiscal 4Q18 Results: Comps Beat Estimate, Company Guides Up for FY19

Executive Summary

  • TJX Companies reported fiscal 4Q18 revenues of $10.96 billion, up 15.8% year over year and above the $10.76 billion consensus estimate. Adjusted EPS was $1.19, below the $1.27 consensus estimate and up from $1.03 in the year-ago quarter.
  • Comp sales were up 4% from the year-ago quarter versus guidance of 1%–2% and the 2.1% consensus estimate.
  • The company expects FY19 adjusted EPS of $73–$4.83, versus the consensus estimate of $4.67. For 1Q19, the company expects adjusted EPS of $0.85–$0.87, compared with the $0.97 consensus estimate.

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