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Oct 31, 2020
TJX Q3 2021 Earnings Report
TJX's Q3 FY21 results exceeded expectations, with sales and EPS above plans, despite a decrease in overall open-only comp store sales. The company generated strong operating cash flow and planned to reinstate its quarterly dividend.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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