TJX Companies Guides Q2 EPS Below Estimates; Boost FY24 EPS Outlook - Update

RTTNews | 178 days ago
Stocktwits
TJX Companies Guides Q2 EPS Below Estimates; Boost FY24 EPS Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings and comparable store sales outlook for the second quarter and raised earnings outlook for the full-year 2024.

For the second quarter, the company now expects earnings in a range of $0.88 to $0.90 per share on consolidated comparable store sales growth of 2 to 3 percent.

Looking ahead to fiscal 2024, the company now projects earnings in a range of $4.03 to $4.09 per share on consolidated comparable store sales growth of 2 to 3 percent.

Previously, the company expected earnings in the range of $3.94 to $4.02 per share on consolidated comparable store sales growth of 2 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.94 per share for the quarter and $4.10 per share for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: TJX
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Target, TJX, Macy's Q2 Earnings Top Estimates

Target, TJX, Macy's Q2 Earnings Top Estimates

Retailers Target, TJX and Macy's reported Wednesday profits for the second quarter that topped analysts' estimates. Quarterly revenues at Target and TJX also beat estimates, while it misses by a whisker at Macy's. The improved results at the retailers were driven by gross margin expansion. Target and TJX raised its earnings guidance for the full year, while Macy's maintained its earnings outlook.
RTTNews | 87 days ago
CPSC Recalls: Snowmobiles, Bicycles, Coolers, Kids' Pants, Bracelets, Mattresses, Magnetic Balls

CPSC Recalls: Snowmobiles, Bicycles, Coolers, Kids' Pants, Bracelets, Mattresses, Magnetic Balls

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including snowmobiles, LaBomba bicycles, Coolers, pants sets, Fossil Bracelets, crib mattresses, and magnetic ball sets citing various reasons. The recall involves about 2,700 units of Textron Specialized Vehicles' Arctic Cat Catalyst 600 Snowmobiles for injury risk; about 3,040 units of GT Bicycles LLC's LaBomba Bicycles
RTTNews | 253 days ago
TJX Companies Boosts FY24 Outlook - Update

TJX Companies Boosts FY24 Outlook - Update

While reporting financial results for the third quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) trimmed its earnings outlook for the fourth quarters, while raising its earnings guidance for the full-year 2024.
RTTNews | 367 days ago
Target, TJX Q2 Earnings Top Estimates

Target, TJX Q2 Earnings Top Estimates

Retailers Target and TJX reported Wednesday profits for the second quarter that topped analysts' estimates. Profit soared more than four-fold at Target, reflecting improved gross margins, despite a 4.9 percent drop in revenues. Profit at TJX grew from last year, driven by improved gross margins and revenue growth.
RTTNews | 458 days ago
TJX Companies Boosts FY24 Outlook - Update

TJX Companies Boosts FY24 Outlook - Update

While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided its earnings outlook for the third and fourth quarters, while raising its earnings guidance for the full-year 2024.
RTTNews | 458 days ago
Target, TJX Q1 Earnings Top Estimates

Target, TJX Q1 Earnings Top Estimates

Discount retailer Target Corp. and off-price retailer TJX Cos. Inc. reported Wednesday a profit for the first quarter that topped analysts' estimates. Profit declined 5.8 percent at Target, reflecting higher expenses and provision for income taxes, despite a 0.6 percent growth in revenues. Profit at TJX surged from last year, driven by improved gross margins and revenue growth.
RTTNews | 549 days ago
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