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TJX Companies Inc (TJX.N)

TJX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

TJX Cos says it expects to add about 250 net new stores in 2018
Wednesday, 22 Feb 2017 12:05pm EST 

TJX Companies Inc : TJX Cos - Q4 EPS growth negatively impacted by 3 percent due to wage increases and 5 percent due to foreign currency and transactional foreign exchange -conf call . TJX Cos - expects FY18 SG&A as a percentage of sales to be in the range of 17.6 percent to 17.7 percent versus 17.4 percent last year - conf call . TJX Cos - Currently expects FY18 tax rate of 36.9 percent, net interest expense of $37 million - conf call . TJX Cos - Expects FY18 comp growth of 1 percent to 2 percent on sales of $22.2 to $22.4 billion at Marmaxx unit - conf call . TJX Cos - Expect FY18 comps to increase 2 percent to 3 percent on sales of $5.0 to $5.1 billion at HomeGoods unit - conf call . TJX Cos - Expect FY18 comp increase of 2 percent to 3 percent on sales of $3.4 to $3.5 billion at TJX Canada division - conf call . TJX Cos - Expects FY18 comp growth of 1 percent to 2 percent on sales of $4.5 to $4.6 billion at TJX International division - conf call . TJX Cos - Expects to add about 250 net new stores or increase store growth by 7 percent in FY 2018 - conf call Further company coverage: [TJX.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

TJX Companies Inc reports Q4 earnings per share $1.03
Wednesday, 22 Feb 2017 10:20am EST 

TJX Companies Inc : Q4 earnings per share $1.03 . Q4 sales rose 6 percent to $9.5 billion . Announces plans to increase dividend 20% and buy back $1.3b to $1.8b of stock . Qtrly consolidated comparable store sales for the fourth quarter increased 3%, over last year’s 6% increase . For Q4, consolidated pretax profit margin was 11.6%, a 0.3 percentage point decrease compared with the prior year . To increase regular quarterly dividend to $.3125 per share . Total inventories as of January 28, 2017, were $3.6 billion, compared with $3.7 billion at the end of the prior fiscal year . TJX Companies Inc sees for year ending February 3, 2018, diluted earnings per share to be in the range of $3.80 to $3.89 . For q4 fiscal 2017, company’s consolidated pretax profit margin was 11.6%, 0.3 percentage point decrease compared with prior year . For the first quarter of fiscal 2018, the company expects diluted earnings per share to be in the range of $0.76 to $0.78 . TJX Companies Inc sees for year ending February 3, 2018, adjusted diluted earnings per share to be $3.69 to $3.78, excluding benefit from 53rd week . For the first quarter of fiscal 2018, the company expects consolidated comparable store sales growth of 0% to 1% . Gross profit margin for the fourth quarter of fiscal 2017 was 28.3%, down 0.4 percentage points versus the prior year . TJX Companies Inc sees for year ending February 3, 2018, consolidated comparable store sales growth of 1% to 2%.  Full Article

TJX Cos says expects Q4 consol sales $9.3 bln-$9.4 bln - conf call
Tuesday, 15 Nov 2016 12:22pm EST 

Tjx Companies Inc : TJX cos executive - sees Q4 consol sales $9.3 billion-$9.4 billion, guidance assumes 2 percent negative impact to revenue due to translational foreign exchange - conf call . TJX cos executive - continue to anticipate buying back $1.5 bln to $2 bln of TJX stock this year - conf call . TJX cos executive - co's research shows millennial shoppers make up biggest percentage of co's new customers in the U.S. - conf call . TJX cos executive - there clearly could be some pressure for foreign exchange next year, primarily with British pound impact on Europe business - conf call Further company coverage: [TJX.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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

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BRIEF-TJX Cos says it expects to add about 250 net new stores in 2018

* TJX Cos - Q4 EPS growth negatively impacted by 3 percent due to wage increases and 5 percent due to foreign currency and transactional foreign exchange -conf call