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Oct 29, 2022
TJX Q3 2023 Earnings Report
TJX reported strong pretax margin and earnings per share.
Key Takeaways
TJX Companies Inc. reported Q3 Fiscal Year 2023 results, with net sales of $12.2 billion, a 3% decrease compared to Q3 Fiscal 2022. Diluted earnings per share were $0.91, and adjusted diluted earnings per share were $0.86, excluding a $0.05 tax benefit.
Marmaxx comp store sales increased 3% driven by strong apparel sales.
U.S. comp store sales decreased 2%, above the Company’s plan.
Pretax profit margin was 11.2%.
The company returned $843 million to shareholders through share repurchases and dividends.
Forward Guidance
The Company is increasing its outlook for U.S. comparable store sales and is now planning them to be flat to up 1% versus a 13% U.S. open-only comp store sales increase in the fourth quarter of Fiscal 2022.
Positive Outlook
- Increasing Q4 U.S. comp store sales outlook to flat to up 1%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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