TJX Cos. (TJX) Plans to Raise Dividend 25%, Sees $2.5-$3B in Buybacks in FY19

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The TJX Companies, Inc. Reports Q4 and FY18 Results; Achieves Above-Plan Q4 Comp Sales Growth of 4% and Exceeds Q4 EPS Expectations; Announces Plan to Increase Dividend 25% and Buy Back $2.5 to $3.0 B

February 28, 2018 8:37 AM EST

Q4 net sales for the 14-week period increased 16% to $11.0 billion Q4 consolidated comparable store sales on a 13-week basis increased 4% over last years 3% increase Q4 GAAP diluted EPS of $1.37, compared with $1.03 in the prior year Q4 adjusted diluted EPS of $1.19, which excludes a $.17 net benefit due to items related to the 2017 Tax Act (described below), a benefit of approximately $.11 from the extra week in the Companys Fiscal 2018 fourth quarter, and a $.10 impairment charge related to Sierra Trading Post (described... More