TJX Q3 2022 Earnings Report
Key Takeaways
TJX Companies reported a strong Q3 FY22, with net sales of $12.5 billion, a 20% increase compared to Q3 FY20. Diluted earnings per share were $.84, a 24% increase compared to Q3 FY20. The company increased its range for expected full year FY22 share repurchases by $500 million to $1.75 billion to $2.0 billion.
Q3 FY22 overall open-only comp store sales increased 14% over Q3 FY20.
Q3 FY22 marks the third consecutive quarter that overall open-only comp store sales increased mid-teens or better.
Q3 FY22 net sales were $12.5 billion, an increase of 20% compared to Q3 FY20.
Q3 FY22 diluted earnings per share were $.84, a 24% increase compared to earnings per share of $.68 in Q3 FY20.
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TJX Revenue by Segment
Forward Guidance
For the start of the fourth quarter of Fiscal 2022, overall open-only comp store sales growth is up mid-teens over the fourth quarter of Fiscal 2020. Due to the continued uncertainty of the current environment with the COVID-19 global pandemic, the Company is not providing financial guidance at this time.