earnings
confidence high
sentiment positive
materiality 0.80
TJX Q1 adjusted EPS $0.68 beats plans; raises FY23 adjusted pretax margin outlook to 9.6%-9.8%
TJX COMPANIES INC /DE/
2023-Q1 EPS reported
$0.49
revenue$11,406,474,000
- Q1 net sales $11.4B +13% YoY; U.S. comp flat, Marmaxx comp +3% driven by traffic.
- Adjusted diluted EPS $0.68 (excl. $0.19 Familia charge) vs GAAP $0.49; adjusted pretax margin 9.4%.
- Raised FY23 adjusted pretax margin outlook to 9.6%-9.8%; full year adjusted EPS guidance $3.13-$3.20.
- Returned $907M to shareholders: $600M buybacks, $307M dividends; dividend up 13%.
- Recorded $217.6M impairment to write-down minority investment in Familia; committed to divest.