earnings
confidence high
sentiment negative
materiality 0.80
TJX Q2 EPS $0.69 meets high end; guides FY23 EPS down to $2.87-$2.95
TJX COMPANIES INC /DE/
2023-Q2 EPS reported
$1.18
revenue$23,249,482,000
- Q2 net sales $11.8B (-2% YoY); U.S. comp store sales -5% vs +21% open-only comp last year.
- Pretax profit margin 9.2% (above plan); EPS $0.69 at high end of guidance.
- Raises FY23 pretax profit margin outlook to 9.3%-9.5%; cuts EPS outlook to $2.87-$2.95 from $2.94-$3.01.
- U.S. comp store sales FY23 guidance revised to -2% to -3% from +1% to +2%.
- Returned $1.0B to shareholders in Q2 via $700M buybacks and $346M dividends.