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Jul 31, 2021
TJX Q2 2022 Earnings Report
TJX's Q2 FY22 sales and profit results surpassed expectations, with overall open-only comp store sales increasing by 20% compared to Q2 FY20.
Key Takeaways
TJX Companies reported strong Q2 FY22 results, with net sales of $12.1 billion, a 23% increase compared to Q2 FY20. Diluted earnings per share were $0.64, including a debt extinguishment charge of $0.15 per share. Overall open-only comp store sales increased 20% compared to Q2 FY20, driven by strong performance in the home businesses and apparel.
Net sales increased by 23% compared to Q2 FY20, reaching $12.1 billion.
Overall open-only comp store sales rose by 20% compared to Q2 FY20.
Diluted earnings per share were $0.64, including a $0.15 debt extinguishment charge.
Company returned $614 million to shareholders through share repurchases and dividends.
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
Sales are very strong to start Q3 FY22, with overall open-only comp store sales up mid-teens over Q3 FY20. Due to the continued uncertainty of the current environment, the Company is not providing financial guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income