TJX Companies Sees Q1 EPS $0.84-$0.86. vs $0.87 Est., Consolidated Comparable Store Sales Up 2-3%; Sees FY25 EPS $3.94-$4.02 vs $4.11 Est., Consolidated Comparable Store Sales Up 2-3%
Portfolio Pulse from Benzinga Newsdesk
TJX Companies projects Q1 earnings per share (EPS) to be between $0.84 and $0.86, slightly below the estimated $0.87. For fiscal year 2025, the company anticipates EPS to range from $3.94 to $4.02, against the expected $4.11. Additionally, TJX expects consolidated comparable store sales to increase by 2-3% for both the first quarter and the entire fiscal year.
February 28, 2024 | 12:33 pm
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TJX Companies anticipates a slight miss on Q1 EPS estimates and a lower than expected EPS for FY25, but expects a 2-3% rise in comparable store sales.
The projected EPS for both Q1 and FY25 being below analyst estimates could lead to a negative short-term reaction in TJX's stock price. However, the expected increase in comparable store sales indicates underlying business strength, which might mitigate some of the negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100