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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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