8-K
filed February 22, 2023, 6:59 PM ET
ticker TJX
CIK 0000109198
earnings
confidence high
sentiment positive
materiality 0.85
TJX Q4 EPS $0.89 (+14% YoY), revenue $14.5B (+5%); plans 13% dividend increase, $2-2.5B buyback in FY24
TJX COMPANIES INC /DE/
2023-FY EPS reported
$2.97
revenue$49,936,000,000
- Q4 diluted EPS $0.89, up 14% YoY; revenue $14.5B, up 5% YoY; U.S. comp sales +4% (above plan).
- Marmaxx Q4 comp +7% driven by apparel/accessories; HomeGoods comp -7%.
- FY23 diluted EPS $2.97; adjusted EPS $3.11; FY23 revenue $49.9B, up 3%.
- Plans to increase quarterly dividend 13% to $0.3325/share; plans $2.0-2.5B stock buyback in FY24.
- Q1 FY24 guidance: EPS $0.68-$0.71, comp sales +2-3%; FY24 EPS guidance $3.39-$3.51 (incl. 53rd week benefit).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
TJX COMPANIES INC /DE/ reported the fiscal year ended January 28, 2023 results: revenue $49.9 billion, net income $3.5 billion, EPS $2.97. Guidance initiated.
- Period
- the fiscal year ended January 28, 2023
- Revenue
- $49.9 billion
- Net income
- $3.5 billion
- EPS
- $2.97
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
For the full year Fiscal 2023, net sales were $49.9 billion, an increase of 3% versus the full year Fiscal 2022. Full year Fiscal 2023 U.S. comp store sales were flat versus a 17% increase in U.S. open-only comp store sales in Fiscal 2022. Net income for the full year of Fiscal 2023 was $3.5 billion. For the full year Fiscal 2023, diluted earnings per share were $2.97, a 10% increase versus $2.70 in Fiscal 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
TJX COMPANIES INC /DE/ reported the fiscal quarter ended January 28, 2023 results: revenue $14.5 billion, net income $1.0 billion, EPS $.89. Guidance initiated.
- Period
- the fiscal quarter ended January 28, 2023
- Revenue
- $14.5 billion
- Net income
- $1.0 billion
- EPS
- $.89
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Net sales for the fourth quarter of Fiscal 2023 were $14.5 billion, an increase of 5% versus the fourth quarter of Fiscal 2022. U.S. comp store sales (defined below) increased 4% versus a 13% increase in U.S. open-only comp store sales (defined below) in the fourth quarter of Fiscal 2022. Net income for the fourth quarter of Fiscal 2023 was $1.0 billion and diluted earnings per share were $.89, a 14% increase versus $.78 in the fourth quarter of Fiscal 2022.
View on SEC.gov
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