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May 01, 2021
TJX Q1 2022 Earnings Report
TJX reported Q1 FY22 results well above plan with overall open-only comp store sales up and earnings per share increased.
Key Takeaways
TJX Companies Inc. reported a strong first quarter with net sales of $10.1 billion, a 9% increase compared to Q1 FY20. Overall open-only comp store sales increased by 16% compared to Q1 FY20, and diluted earnings per share were $0.44.
Overall open-only comp store sales increased 16% compared to Q1 FY20.
Diluted earnings per share were $0.44.
Net sales were $10.1 billion, a 9% increase compared to Q1 FY20.
Temporary store closures negatively impacted Q1 FY22 sales by approximately $1.1 billion to $1.2 billion and EPS by approximately $0.21 to $0.24.
TJX
TJX
TJX Revenue by Segment
Revenue by Segment
Marmaxx Revenue
CapyFin.comHomeGoods Revenue
CapyFin.comTJX Canada Revenue
CapyFin.comTJX International Revenue
CapyFin.com Forward Guidance
For the start of the second quarter of Fiscal 2022, overall open-only comp store sales trends remain similar to the first quarter. In the second quarter of Fiscal 2022, the Company expects total sales, pretax margin, and earnings per share to be negatively impacted from the temporary store closings.
Challenges Ahead
- Total sales are expected to be negatively impacted by temporary store closings.
- Pretax margin is expected to be negatively impacted by temporary store closings.
- Earnings per share are expected to be negatively impacted by temporary store closings.
- Continued uncertainty of the current environment.
- Environment remains uncertain, particularly internationally.
Revenue & Expenses
Visualization of income flow from segment revenue to net income