TJX Cos: Q1 EPS up 12%
(CercleFinance.com) - Retail group TJX Companies has reported Q1 adjusted EPS that is up 12% to $0.
76 on sales that rose 3% to $11.8bn (both as reported and at comparable stores).
Company CEO said that comparable sales growth was driven by an increase in overall customer traffic and a 5% increase in comparable sales at Marmaxx, itslargest division.
Due to a 53rd accounting week, TJX tweaked its annual guidance, now targeting EPS of $3.49 to $3.58 and a pre-tax margin of 10.3% to 10.5%, on overall comparable shop sales growth of 2% to 3%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
76 on sales that rose 3% to $11.8bn (both as reported and at comparable stores).
Company CEO said that comparable sales growth was driven by an increase in overall customer traffic and a 5% increase in comparable sales at Marmaxx, itslargest division.
Due to a 53rd accounting week, TJX tweaked its annual guidance, now targeting EPS of $3.49 to $3.58 and a pre-tax margin of 10.3% to 10.5%, on overall comparable shop sales growth of 2% to 3%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.