TJX Cos. (TJX) Misses Q3 EPS by 7c, Comps Increase 7%, Q4 EPS Guidance Misses Views

TJX Cos. (NYSE: TJX) reported Q3 EPS of $0.54, $0.07 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $9.8 billion versus the consensus estimate of $9.49 billion.

Above-plan consolidated comp store sales increase of 7%

GUIDANCE:

TJX Cos. sees Q4 2019 EPS of $0.56-$0.57, versus the consensus of $0.71.

• Similar to prior quarters, the Company expects the combination of incremental freight costs and wage increases to negatively impact fourth quarter EPS growth by approximately 5%. The Company also expects an additional negative impact to EPS growth due to the timing of expenses. This EPS outlook is based upon estimated consolidated comparable store sales growth of 2% to 3%.

For earnings history and earnings-related data on TJX Cos. (TJX) click here.

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