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Earnings

TJX

TJX Companies reported Q2 FY24 overall comp store sales increase of 6%, driven by customer traffic. Comp store sales at Marmaxx increased by 8%. The company's pretax profit margin was 10.4%, up 1.2 percentage points from last year. Diluted earnings per share were $.85, up 23% from last year. The company returned $932 million to shareholders through share repurchases and dividends and increased its outlook for FY24 overall comp store sales, pretax profit margin, and earnings per share.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:32 am

TJX

TJX Companies reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.77 by 10.39%. The company also reported quarterly sales of $12.76 billion, surpassing the analyst consensus estimate of $12.45 billion by 2.47%. Both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:31 am

TGT

Target Corp (NYSE:TGT) reported a Q2 FY23 sales decline of 4.9% YoY to $24.77 billion, missing the analyst consensus of $25.18 billion. However, gross margin expanded by 550 basis points to 27% due to lower costs and retail price increases. Operating income margin rate was 4.8%, higher than last year, and operating income increased by 273% to $1.2 billion. Adjusted EPS of $1.80 beat the analyst consensus of $1.39. The company lowered its FY23 adjusted EPS guidance and expects a mid-single-digit decline in comparable sales for the remainder of the year.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 11:28 am

HD

Home Depot, Inc. (NYSE:HD) reported better-than-expected Q2 results, with a 2% YoY sales decline to $42.92 billion, beating the analyst consensus of $42.25 billion. EPS of $4.65 also beat the consensus of $4.46. The board authorized a new $15 billion share repurchase program. Following the earnings announcement, several analysts raised their price targets on Home Depot.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 11:24 am

A

AVT

CSCO

HRB

JD

QQQ

SPY

TGT

TJX

WOLF

US stock futures indicate a muted opening on Wall Street following Tuesday's losses. The FOMC minutes and earnings reports from retailers could influence the market. Analysts predict a 5-10% pullback, seen as normal after strong first-half gains. Bond yields are decreasing and oil prices remain muted. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) saw slight premarket gains. Stocks in focus include H&R Block, Inc. (NYSE:HRB), Agilent Technologies, Inc. (NYSE:A), Target Corp. (NYSE:TGT), JD.com, Inc. (NASDAQ:JD), TJX Companies, Inc. (NYSE:TJX), Cisco Systems, Inc. (NASDAQ:CSCO), Avnet, Inc. (NASDAQ:AVT), and Wolfspeed, Inc. (NYSE:WOLF).

Portfolio Pulse from Shanthi Rexaline

August 16, 2023 | 11:21 am

ZIM

ZIM Integrated Shipping has projected its FY23 Adjusted EBITDA to be between $1.2B and $1.6B, while it expects an Adjusted EBIT loss of $500M to $100M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:13 am

KMDA

Kamada has reiterated its full-year 2023 revenue guidance of $138M-$146M, which is in line with the estimated $141.36M. The company also expects its adjusted EBITDA to be between $22M-$26M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:11 am

BJDX

Bluejay Diagnostics reported Q2 losses of $(2.75) per share, missing the analyst consensus estimate of $(0.07) by 3828.57 percent. This represents a 2650 percent decrease over losses of $(0.10) per share from the same period last year. The company's cash balance stands at $5.1M.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:11 am

BFI

BurgerFi International Inc (NASDAQ:BFI) has reiterated its FY23 revenue guidance of $175M-$180M and adjusted EBITDA of $10M-$12M. The company believes it will come in at the low end of the previously stated guidance.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:09 am

KMDA

Kamada (NASDAQ:KMDA) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $0.02 by 100%. This is a 144.44% increase over losses of $(0.09) per share from the same period last year. The company also reported quarterly sales of $37.44 million, beating the analyst consensus estimate of $34.17 million by 9.58%. This is a 58.72% increase over sales of $23.59 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 11:09 am