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Feb 01, 2020
TJX Q4 2020 Earnings Report
Reported above-guidance Q4 and FY20 results with Q4 comp sales up 6% and Q4 EPS of $0.81.
Key Takeaways
TJX Companies reported strong Q4 results, with both sales and earnings per share significantly exceeding expectations. Consolidated comparable store sales increased by 6%, and diluted earnings per share were $0.81, a 19% increase versus the prior year.
Q4 consolidated comparable store sales increased 6%, above the Company’s guidance.
Q4 diluted EPS of $0.81, above the Company’s guidance.
Customer traffic was the primary driver of the comp store sales increase at all four major divisions for Q4 and FY20.
Q4 net sales increased 10% to $12.2 billion.
Forward Guidance
For the 52-week fiscal year ending January 30, 2021, the Company expects diluted earnings per share to be in the range of $2.77 to $2.83. For the first quarter of Fiscal 2021, the Company expects diluted earnings per share to be in the range of $.59 to $.60.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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