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Feb 03, 2024
TJX Q4 2024 Earnings Report
TJX reported Q4 and full year FY24 results, with Q4 comp store sales growth, pretax profit margin, and diluted EPS all above plan.
Key Takeaways
TJX Companies Inc. reported strong Q4 and full-year FY24 results, exceeding expectations with a 5% increase in Q4 consolidated comparable store sales and a 37% increase in diluted earnings per share to $1.22. The company surpassed $50 billion in annual sales and anticipates increasing its dividend by 13% and repurchasing $2.0 to $2.5 billion of stock in FY25.
Q4 consolidated comparable store sales increased 5%, driven by customer transactions and exceeding company plans.
Q4 diluted earnings per share were $1.22, a 37% increase compared to the previous year and above company expectations.
The company returned $4.0 billion to shareholders in FY24 through share repurchases and dividends.
The company expects to increase dividend by 13% and buy back $2.0 to $2.5 billion of stock in FY25.
TJX
TJX
TJX Revenue by Segment
Revenue by Segment
Marmaxx Revenue
CapyFin.comHomeGoods Revenue
CapyFin.comTJX Canada Revenue
CapyFin.comTJX International Revenue
CapyFin.com Forward Guidance
For the first quarter of Fiscal 2025, the Company is planning consolidated comparable store sales to be up 2% to 3%, pretax profit margin to be in the range of 10.5% to 10.6%, and diluted earnings per share to be in the range of $.84 to $.86. For full year Fiscal 2025, the Company is planning consolidated comparable store sales to be up 2% to 3%, pretax profit margin to be in the range of 10.9% to 11.0%, and diluted earnings per share to be in the range of $3.94 to $4.02.
Revenue & Expenses
Visualization of income flow from segment revenue to net income