TJX Q3 2021 Earnings Report
Key Takeaways
TJX Companies Inc. reported strong Q3 FY21 results, significantly exceeding expectations. Net sales reached $10.1 billion, and diluted earnings per share were $.71. Overall open-only comp store sales decreased by 5%, but this was better than anticipated. The company generated $4.1 billion in operating cash flow and ended the quarter with $10.6 billion in cash. They also announced plans to reinstate a quarterly dividend.
Net sales for Q3 FY21 reached $10.1 billion.
Overall open-only comp store sales decreased 5%, outperforming company plans.
Diluted earnings per share were $.71, exceeding company expectations.
The company generated $4.1 billion in operating cash flow and ended the quarter with $10.6 billion in cash.
TJX
TJX
TJX Revenue by Segment
Forward Guidance
Due to the increasing uncertainty of the current environment and the difficulty in forecasting the impact of the global pandemic on temporary store closures and consumer behavior, demand, and traffic, the Company is not providing guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income