TJX Q2 2021 Earnings Report

TJX's Q2 FY21 performance was impacted by temporary store closures due to COVID-19, but the company exceeded internal plans and generated significant cash flow.

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).

Total Revenue

$6.67B

Previous year: $9.78B