earnings
confidence high
sentiment positive
materiality 0.80
TJX Q3 FY22 EPS $0.84 (+24% vs FY20); raises FY22 buyback to $1.75-2.0B
TJX COMPANIES INC /DE/
2022-Q3 EPS reported
$1.92
revenue$34,695,614,000
- Net sales of $12.5B, +20% vs Q3 FY20; overall open-only comp store sales +14% vs Q3 FY20.
- Diluted EPS $0.84, up 24% from $0.68 in Q3 FY20; pretax profit margin 11.0%, up 0.3pp.
- Returned $1.1B to shareholders in Q3; increased FY22 buyback plan to $1.75-2.0B (up $500M).
- Q4 start: overall open-only comp sales up mid-teens vs Q4 FY20; no formal guidance provided.
- Inventory $6.6B, positioned for holiday; incremental freight expense of 1.6pp weighed on margins.