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TJX Companies Inc (TJX.N)

TJX.N on New York Stock Exchange

77.10USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

TJX Cos Inc says no store closings planned this year
Tuesday, 17 May 2016 11:32am EDT 

TJX Companies Inc : Traffic increases are being driven both by new customers and existing customers shopping with co more frequently - conf call . Long term, sees potential to grow to 5,600 stores with current chains and just current markets alone - conf call . No store closings planned across entire company this year - conf call Further company coverage: [TJX.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

TJX Companies reports Q1 EPS of $0.76
Tuesday, 17 May 2016 08:30am EDT 

TJX Companies Inc : Net sales for the first quarter of fiscal 2017 increased 10% to $7.5 billion . Qtrly consolidated comparable store sales increased 7% over last year’s 5% increase . Qtrly diluted earnings per share were $0.76 . For q2, the company expects diluted earnings per share to be in the range of $.77 to $.79 compared to $.80 last year . For the fiscal year ending January 28, 2017, the company now expects diluted earnings per share to be in the range of $3.35 to $3.42 . For fiscal year ending January 28, 2017, the company now expects diluted earnings per share to be in the range of $3.35 to $3.42 . Sees Q2 diluted earnings per share to be in the range of $.77 to $.79 . Expects combination of foreign currency, transactional foreign exchange to have additional 2% negative impact on Q2 EPS growth . Total inventories as of April 30, 2016, were $3.9 billion, compared with $3.5 billion at the end of the first quarter last year . Sees estimated Q2 consolidated comparable store sales growth of 2% to 3% . Q1 consolidated pretax profit margin was 10.9%, a 0.2 percentage point decrease compared with the prior year . FY EPS outlook is now based upon a raised estimate of consolidated comparable store sales growth of 2% to 3% . Sees foreign currency, transactional foreign exchange and wage increases will have a 6% negative impact on FY EPS growth.  Full Article

TJX Companies Inc announces quarterly common stock dividend
Friday, 18 Sep 2015 10:24am EDT 

TJX Companies Inc:Sets quarterly common stock dividend of $0.21 per share.  Full Article

TJX Companies gives Q3, 2016 EPS guidance
Tuesday, 18 Aug 2015 08:45am EDT 

TJX Companies:Sees Q3 2016 diluted earnings per share to be in the range of $.80 to $.82 compared to $.85 in Q3 2015.Sees FY 2016 diluted earnings per share to be in the range of $3.24 to $3.28 versus $3.15 in FY 2015.  Full Article

TJX Companies to acquire off-price australian retailer Trade Secret
Tuesday, 28 Jul 2015 06:25pm EDT 

TJX Companies:Signed a definitive agreement to purchase Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited for a purchase price of A$80 million.The potential acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX currently operates one of its 13 buying offices.TJX expects the transaction, which has customary conditions to closing, to be consummated by the end of calendar 2015.  Full Article

TJX Companies Inc announces quarterly common stock dividend
Thursday, 11 Jun 2015 12:30pm EDT 

TJX Companies Inc:Says declaration of quarterly dividend on its common stock of $.21 per share payable Sept. 3, to shareholders of record on Aug. 13.  Full Article

TJX Companies Inc gives Q2 2016 EPS guidance below analysts' estimates; raises FY 2016 EPS guidance
Tuesday, 19 May 2015 08:39am EDT 

TJX Companies Inc:Expects Q2 2016 diluted EPS to be in the range of $0.72 to $0.74.Raises FY 2016 EPS guidance and expects EPS to be in the range of $3.21 to $3.27.Q2 2016 EPS of $0.78 - Thomson Reuters I/B/E/S.FY 2016 EPS of $3.29 -Thomson Reuters I/B/E/S.  Full Article

TJX Companies Inc announces Chairman change
Wednesday, 22 Apr 2015 11:00am EDT 

TJX Companies Inc:Announced that Bernard (Ben) Cammarata has decided to retire as Chairman of the Board of The TJX Companies.His retirement will be effective on the date of the Company's next annual meeting of stockholders, June 11.After his retirement from the Board, Cammarata will remain with the Company in an advisory role as Founder and Executive Advisor.The company intends to elect Carol Meyrowitz, Chief Executive Officer of TJX since 2007 and a Director of the Board since 2006, to the additional position of Chairman of the Board immediately following Cammarata's retirement at the annual meeting.  Full Article

NY attorney general questions TJX Companies Inc and other retailers’ practices for on-call staff, pay for short shifts - AP
Sunday, 12 Apr 2015 08:00pm EDT 

TJX Companies Inc:New York’s attorney general has launched an inquiry into 13 retailers, questioning the practice of keeping workers on call for shifts on short notice and possible violations of the state requirement to pay hourly staff for atleast four hours when they report to work - The Associated Press.Letters were sent to Gap Inc., Abercrombie & Fitch, J. Crew Group Inc., L. Brands, Burlington Coat Factory, TJX Companies, Urban Outfitters, Target Corp., Sears Holding Corp., Williams-Sonoma Inc., Crocs, Ann Inc. and J.C. Penney Co. Inc.Attorney General has targeted New York employers who cheat or underpay low-wage workers, getting more than $17 mln in restitution for about 14,000 workers from fast food franchise owners, construction contractors and others.The attorney general’s office is now examining retailers and whether reporting in to an employer also triggers the pay requirement under New York law.The attorney general’s office said it has received reports of more employers setting shifts the night before or even just a few hours in advance, including these 13.  Full Article

TJX Companies Inc announces 20 pct increase in common stock dividend
Tuesday, 31 Mar 2015 11:21am EDT 

TJX Companies Inc:Raised amount of quarterly dividend by 20 pct from last dividend paid.Board declared regular quarterly dividend in amount of $.21 per share.Payable June 4 to shareholders of record on May 14.  Full Article

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TJX comparable store sales beat as discounts attract shoppers

TJX Cos Inc , operator of off-price retailers T.J. Maxx and HomeGoods, reported better-than-expected quarterly comparable store sales as its discounted offerings continue to attract shoppers.