earnings
confidence high
sentiment positive
materiality 0.75
TJX Q2 FY22 beats plan: net sales $12.1B, open-only comp +20% vs FY20, EPS $0.64
TJX COMPANIES INC /DE/
2022-Q2 EPS reported
$1.08
revenue$22,163,724,000
- Q2 FY22 net sales $12.1B (+23% vs Q2 FY20); diluted EPS $0.64 (includes $0.15 debt charge) vs $0.62 in Q2 FY20.
- Overall open-only comp store sales +20% vs Q2 FY20; home businesses 'phenomenal,' apparel low-teens comp.
- Returned $614M to shareholders in Q2; increased FY22 share repurchase plan to $1.25-1.50B (+$250M).
- Reduced debt by $2.75B in FY22, cutting annual interest expense by >$90M after redeeming $2B in senior notes.
- Q3 started strong with open-only comp up mid-teens over Q3 FY20; no financial guidance given due to uncertainty.