2023-05-17 07:36:48 ET
- TJX press release ( NYSE: TJX ): Q1 GAAP EPS of $0.76 beats by $0.05 .
- Revenue of $11.78B (+3.2% Y/Y) misses by $40M .
- Q1 FY24 overall comp store sales increased 3%, at the high-end of the Company’s plan, driven by an increase in customer traffic
- Q1 FY24 comp store sales at Marmaxx increased 5%, driven by very strong sales in apparel and accessories categories
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Second Quarter and Full Year Fiscal 2024 Outlook
For the second quarter of Fiscal 2024, the Company is planning overall comparable store sales to be up 2% to 3%. For the second quarter of Fiscal 2024, the Company expects pretax profit margin to be in the range of 9.3% to 9.5% and diluted earnings per share to be in the range of $.72 to $.75.
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For the fiscal year ending February 3, 2024, the Company continues to plan overall comparable store sales to be up 2% to 3%. For the 53-week fiscal year ending February 3, 2024, the Company is increasing its expectations for pretax profit margin to a range of 10.3% to 10.5% and diluted earnings per share to be in the range of $3.49 to $3.58.
For further details see:
TJX GAAP EPS of $0.76 beats by $0.05, revenue of $11.78B misses by $40M