The TJX Companies Inc. (TJX - Free Report) is one of the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The TJX Companies operates through four business segments. In the U.S., it operates through two segments, namely, Marmaxx (through stores under the names of T.J. Maxx and Marshalls) and HomeGoods.
TJX Companies is one of the few retailers that managed to stay afloat amid troubled waters of the retail sector, as most of the retailers are losing their market share to the online retailers as more and more buyers are opting for the convenience of buying through the internet. In addition, the company is working on brand enhancing initiatives in the form of product innovation and marketing campaigns. It has also undertaken several initiatives to boost sales along with an aggressive store opening and eCommerce expansion strategies. Due to this, investors are eagerly awaiting TJX’s earnings report.
Investors should also note the recent earnings estimate revisions for TJX, as the consensus estimate has been marginally increasing in the last 30 days. Moreover, TJX’s earnings season history remains impressive. TJX has delivered positive surprise in all the last four quarters, making for an average positive surprise of 5.29%.
Currently, TJX has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here. The Zacks Rank could definitely change following Molson Coors’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TJX posted earnings of 82 cents per share, beating our consensus of 79 cents per share. Investors should note that these figures take out stock option expenses.
Revenue: TJX posted revenues of $7.784 billion. This lags our consensus estimate of $7.906 billion.
Key Stats to Note: Comparable store sales increased 1% year over year compared to a 7% increase a year ago.
Stock Price: Shares were down 4.42% in pre-market trading.
Check back later for our full write up on this TJX earnings report later!
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