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Jan 28, 2023
TJX Q4 2023 Earnings Report
TJX reported Q4 and FY23 results, with above-plan U.S. comp sales growth and Marmaxx comp sales growth. The company plans to increase its dividend and buy back stock.
Key Takeaways
TJX Companies reported a 5% increase in net sales for Q4 2023, reaching $14.5 billion. U.S. comp store sales increased by 4%, and diluted earnings per share rose by 14% to $0.89. The company plans to increase its dividend by 13% and repurchase $2.0 to $2.5 billion of stock in FY24.
Q4 FY23 U.S. comp store sales increased 4%, exceeding company expectations.
Marmaxx comp sales grew by 7% in Q4 FY23, driven by strong apparel and accessories sales.
Diluted earnings per share for Q4 FY23 were $0.89, a 14% increase year-over-year.
The company intends to raise its dividend by 13% and repurchase $2.0 to $2.5 billion of stock in FY24.
TJX
TJX
TJX Revenue by Segment
TJX Revenue by Geographic Location
Revenue by Segment
Marmaxx Revenue
CapyFin.comHomeGoods Revenue
CapyFin.comTJX Canada Revenue
CapyFin.comTJX International Revenue
CapyFin.comRevenue by Geographic Location
Canada Revenue
CapyFin.com Forward Guidance
For the first quarter of Fiscal 2024, the Company is planning overall comparable store sales to be up 2% to 3%. For the first quarter of Fiscal 2024, the Company expects pretax profit margin to be in the range of 9.2% to 9.5% and diluted earnings per share to be in the range of $.68 to $.71.
Positive Outlook
- Planning overall comparable store sales to be up 2% to 3% for Q1 FY24.
- Expecting pretax profit margin to be in the range of 9.2% to 9.5% for Q1 FY24.
- Expecting diluted earnings per share to be in the range of $.68 to $.71 for Q1 FY24.
- Planning overall comparable store sales to be up 2% to 3% for FY24.
- Expecting pretax profit margin to be in the range of 10.1% to 10.3% for FY24.
Revenue & Expenses
Visualization of income flow from segment revenue to net income