TJX Q1 2023 Earnings Report

TJX Companies reported Q1 FY23 results with Marmaxx comp store sales increasing by 3%.

Key Takeaways

TJX Companies reported a 13% increase in net sales to $11.4 billion for Q1 FY23. GAAP diluted earnings per share were $0.49, and adjusted diluted earnings per share were $0.68, exceeding company plans. Marmaxx comp store sales increased by 3%, driven by customer traffic.

Net sales increased by 13% to $11.4 billion.

GAAP diluted earnings per share were $0.49.

Adjusted diluted earnings per share were $0.68, exceeding company plans.

Marmaxx comp store sales increased by 3%, driven by customer traffic.

Total Revenue

$11.4B

Previous year: $10.1B

+13.1%

EPS

$0.68

Previous year: $0.44

+54.5%

Gross Profit

$3.18B

Previous year: $2.83B

+12.4%

Cash and Equivalents

$4.3B

Previous year: $8.78B

-51.1%

Free Cash Flow

-$948M

Previous year: -$658M

+44.1%

Total Assets

$27.7B

Previous year: $30.3B

-8.6%

TJX

TJX Revenue by Segment

TJX Revenue by Geographic Location

Forward Guidance

The Company is planning U.S. comparable store sales to be down 1% to down 3% for the second quarter of Fiscal 2023. For the full year Fiscal 2023, the Company now expects U.S. comparable store sales to be up 1% to 2%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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