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May 04, 2024
TJX Q1 2025 Earnings Report
Reported Q1 FY25 results with comp store sales growth of 3%, pretax profit margin of 11.1%, and diluted EPS increase of 22%.
Key Takeaways
TJX Companies reported a 6% increase in net sales to $12.5 billion for Q1 FY25. Consolidated comparable store sales increased by 3%, driven by customer transactions. Diluted earnings per share were $.93, a 22% increase compared to the previous year.
Consolidated comparable store sales increased 3%, at the high-end of the Company’s plan, driven by an increase in customer transactions.
Pretax profit margin was 11.1%, up 0.8 percentage points versus last year and well above the Company’s plan.
Diluted earnings per share were $.93, up 22% versus last year and well above the Company’s plan.
Returned $886 million to shareholders in Q1 through share repurchases and dividends.
Revenue by Geographic Location
Forward Guidance
For the second quarter of Fiscal 2025, the Company is planning consolidated comparable store sales to be up 2% to 3%, pretax profit margin to be in the range of 10.4% to 10.5%, and diluted earnings per share to be in the range of $.88 to $.90. For the full year Fiscal 2025, the Company continues to plan consolidated comparable store sales to be up 2% to 3%. The Company is increasing its outlook for pretax profit margin to be in the range of 11.0% to 11.1% and increasing its diluted earnings per share outlook to be in the range of $4.03 to $4.09.
Positive Outlook
- Consolidated comparable store sales to be up 2% to 3% for Q2 2025.
- Pretax profit margin to be in the range of 10.4% to 10.5% for Q2 2025.
- Diluted earnings per share to be in the range of $0.88 to $0.90 for Q2 2025.
- Consolidated comparable store sales to be up 2% to 3% for FY25.
- Pretax profit margin to be in the range of 11.0% to 11.1% for FY25.
Challenges Ahead
- No specific negatives were mentioned in the provided guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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