Value Shoppers Drive TJX To Q1 Success: Sales And Profits Outperform Expectations
Portfolio Pulse from Shivani Kumaresan
TJX Companies Inc (NYSE:TJX) reported first-quarter FY25 earnings that exceeded expectations, with sales growth of 5.9% year-on-year to $12.479 billion and EPS of $0.93. The company saw a 3% increase in comparable store sales and improved gross profit margins. TJX plans to repurchase $2 billion – $2.5 billion in fiscal 2025 and expects FY25 EPS of $4.03-$4.09.
May 22, 2024 | 12:41 pm
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TJX Companies Inc reported strong Q1 FY25 earnings, with sales and EPS beating expectations. The company saw a 3% increase in comparable store sales and improved gross profit margins. TJX plans significant share repurchases and provided an optimistic FY25 outlook.
The strong earnings report, including sales and EPS beating expectations, along with positive future outlook and share repurchase plans, are likely to drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100