TJX Q3 beats: comp sales +6%, EPS $1.03; raises FY24 comp and EPS guidance

TJX COMPANIES INC /DE/

2024-Q3 EPS reported $2.65 revenue$37,806,000,000

Net sales $13.3B (+9% YoY), comp store sales +6% driven entirely by customer traffic; Marmaxx +7%, HomeGoods +9%.
Pretax profit margin 12.0% (up 0.8 ppt YoY); diluted EPS $1.03, up 13% vs prior-year $.91.
Raises FY24 comp store sales growth outlook to 4%-5% and diluted EPS to $3.71-$3.74.
Returned $1.0B to shareholders in Q3 via $650M buybacks and $380M dividends; expects FY24 buybacks $2.25-$2.5B.
Store count increased by 50 to 4,934; square footage up 1% in Q3.

item 2.02 item 9.01

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 third quarter ended October 28, 2023 results: revenue $13.3 billion, net income $1.2 billion, EPS $1.03. Guidance raised.

Period: third quarter ended October 28, 2023
Revenue: $13.3 billion
Net income: $1.2 billion
EPS: $1.03
Guidance: raised
Result: reported results

Exact text from the filing

Net sales for the third quarter of Fiscal 2024 were $13.3 billion, an increase of 9% versus the third quarter of Fiscal 2023. Overall comp store sales increased 6%. Net income for the third quarter of Fiscal 2024 was $1.2 billion and diluted earnings per share were $1.03

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TJX COMPANIES INC /DE/ reported first nine months of Fiscal 2024 results: revenue $37.8 billion, net income $3.1 billion, EPS $2.65. Guidance raised.

Period: first nine months of Fiscal 2024
Revenue: $37.8 billion
Net income: $3.1 billion
EPS: $2.65
Guidance: raised
Result: reported results

Exact text from the filing

For the first nine months of Fiscal 2024, net sales were $37.8 billion, an increase of 7% versus the first nine months of Fiscal 2023. Overall comp store sales for the first nine months of Fiscal 2024 increased 5%. Net income for the first nine months of Fiscal 2024 was $3.1 billion. For the first nine months of Fiscal 2024, diluted earnings per share were $2.65

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Source: SEC EDGAR

accession 0001157523-23-001738

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