We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TJX (TJX) Reports Q1 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
TJX (TJX - Free Report) reported $12.48 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.9%. EPS of $0.93 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.48 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of +6.90%, with the consensus EPS estimate being $0.87.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how TJX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales (YoY change) - Total: 3% versus the four-analyst average estimate of 3.1%.
Comparable store sales (YoY change) - HomeGoods: 4% versus 3.3% estimated by three analysts on average.
Comparable store sales (YoY change) - Marmaxx: 2% versus 3.2% estimated by three analysts on average.
Consolidated Same Store sales- TJX International (Europe & Australia): 2% versus the three-analyst average estimate of 2.3%.
Comparable Store Sales - TJX Canada - YoY change: 4% compared to the 2.5% average estimate based on three analysts.
New Stores: 18 versus the two-analyst average estimate of 40.
Number of stores - Total: 4,972 versus 4,306 estimated by two analysts on average.
Number of stores - U.S. - T.J. Maxx: 1,322 versus the two-analyst average estimate of 1,326.
Net Sales- Marmaxx: $7.75 billion versus $7.76 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.
Net Sales- TJX International: $1.54 billion versus the three-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of +8.8%.
Net Sales- TJX Canada: $1.11 billion compared to the $1.09 billion average estimate based on three analysts. The reported number represents a change of +7.2% year over year.
Net Sales- HomeGoods: $2.08 billion versus the three-analyst average estimate of $2.15 billion. The reported number represents a year-over-year change of +5.8%.
Shares of TJX have returned +3.4% over the past month versus the Zacks S&P 500 composite's +7.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
TJX (TJX) Reports Q1 Earnings: What Key Metrics Have to Say
TJX (TJX - Free Report) reported $12.48 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 5.9%. EPS of $0.93 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.48 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of +6.90%, with the consensus EPS estimate being $0.87.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how TJX performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable store sales (YoY change) - Total: 3% versus the four-analyst average estimate of 3.1%.
- Comparable store sales (YoY change) - HomeGoods: 4% versus 3.3% estimated by three analysts on average.
- Comparable store sales (YoY change) - Marmaxx: 2% versus 3.2% estimated by three analysts on average.
- Consolidated Same Store sales- TJX International (Europe & Australia): 2% versus the three-analyst average estimate of 2.3%.
- Comparable Store Sales - TJX Canada - YoY change: 4% compared to the 2.5% average estimate based on three analysts.
- New Stores: 18 versus the two-analyst average estimate of 40.
- Number of stores - Total: 4,972 versus 4,306 estimated by two analysts on average.
- Number of stores - U.S. - T.J. Maxx: 1,322 versus the two-analyst average estimate of 1,326.
- Net Sales- Marmaxx: $7.75 billion versus $7.76 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.
- Net Sales- TJX International: $1.54 billion versus the three-analyst average estimate of $1.51 billion. The reported number represents a year-over-year change of +8.8%.
- Net Sales- TJX Canada: $1.11 billion compared to the $1.09 billion average estimate based on three analysts. The reported number represents a change of +7.2% year over year.
- Net Sales- HomeGoods: $2.08 billion versus the three-analyst average estimate of $2.15 billion. The reported number represents a year-over-year change of +5.8%.
View all Key Company Metrics for TJX here>>>Shares of TJX have returned +3.4% over the past month versus the Zacks S&P 500 composite's +7.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.