TJX Companies, Inc.

NYSE:TJX   3:59:58 PM EDT
63.38
-1.32 (-2.04%)
4:00:00 PM EDT: $63.35 -0.03 (-0.05%)
Other Pre-Announcement

TJX Companies Says Q1 Net Sales Were $10.1 Bln

Published: 05/19/2021 12:17 GMT
TJX Companies, Inc. (TJX) - Q1 FY22 Overall Open-only Comp Store Sales Increased 16% Compared to Q1 FY20.
Q1 FY22 Net Sales Were $10.1 Billion, an Increase of 129% Compared to Q1 FY21.
Q1 FY22 Diluted Earnings per Share Were $0.44.
Announcing Make-whole Calls That Will Reduce Outstanding Debt by an Additional $2.0 Billion.
For Start of Q2 FY22, Overall Open-only Comp Store Sales Trends Remain Similar to Q1 FY22.
Estimates That Temporary Store Closures Negatively Impacted Q1 FY22 Sales by Approximately $1.1 Billion to $1.2 Billion.
Not Providing Financial Guidance at This Time.
Stores in Europe Were Closed for Approximately 76% of Q1.
Total Inventories As of May 1, 2021, Were $5.1 Billion, Compared With $4.9 Billion at End of Q1 Last Year.
In Q2, Co Expects Total Sales, Pretax Margin, and Earnings per Share to Be Negatively Impacted From Temporary Store Closings.
Expects Its Stores in Canada and Europe Will Be Temporarily Closed for an Estimated 17% and 7% of Q2 of Fiscal 2022.
Qtrly Marmaxx (u.s.) Open-only Comp Store Sales Up 12% Versus.
FY2020.
In Total, Co Expects Its Stores to Be Closed for About 3% of Q2 of Fiscal 2022.
Qtrly Marmaxx (u.s.) Net Sales $6.64 Billion.
Q1 Earnings per Share View $0.31, Revenue View $8.62 Billion -- Refinitiv Ibes Data (analyst estimates).