TJX Q2 2021 Earnings Report
Key Takeaways
TJX Companies reported Q2 FY21 net sales of $6.7 billion, exceeding internal plans despite store closures. The company generated $3.4 billion in operating cash flow and ended the quarter with $6.6 billion in cash. However, the company reported a net loss of $214 million, or ($.18) per share, due to the impact of COVID-19 and tax-related adjustments.
Reopened more than 4,500 stores worldwide and each of its online shopping websites.
Net sales for the second quarter of Fiscal 2021 were $6.7 billion, well above its internal plans.
Generated $3.4 billion of operating cash flow and ended Q2 FY21 with $6.6 billion of cash.
Q2 FY21 loss per share of ($.18).
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TJX Revenue by Segment
Forward Guidance
For the third quarter, the Company is planning overall open-only comp store sales to decrease in the range of 10% to 20%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income