TJX (TJX) Fiscal 2Q19 Results: Company Beats Expectations and Raises Guidance

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Key Points

  • TJX reported fiscal 2Q19 revenues of $9.3 billion, up 11.6% year over year and above the consensus estimate of $9.0 billion. Diluted EPS was $1.17, up 37.6% from the year-ago quarter and above the consensus estimate of $1.05.
  • Comparable sales increased 6.0% in the quarter compared with a 3.0% increase in the year-ago quarter and above the consensus estimate of 2.1%.
  • TJX raised its diluted earnings per share (EPS) guidance to $1.18–$1.20 for the third quarter, up from $1.02–$1.04, compared to the consensus estimate of $1.23. For the full year, the company raised its EPS guidance to $4.83–$4.88 from $4.75–$4.83. The consensus estimate is for $4.86.

TJX reported fiscal 2Q19 revenues of $9.3 billion, up 11.6% year over year and above the consensus estimate of $9.0 billion. Diluted EPS was $1.17, up 37.6% from the year-ago quarter and above the consensus estimate of $1.05.

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