Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  TJX Companies Inc    TJX

Delayed Quote. Delayed  - 11/20 10:03:14 pm
71.19 USD   +0.24%
11/15 TJX : Reports Q3 FY18 Results
11/14 TJX and Dick's Sporting Goods fall; Buffalo Wild Wings soars
11/14DJTJX : Breaks Eight-Year Sales Growth Streak -- 2nd Update
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TJX : Breaks Eight-Year Sales Growth Streak -- 2nd Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/14/2017 | 07:18pm CET
By Cara Lombardo 

TJX Cos., which operates TJ Maxx, Marshalls and HomeGoods stores, didn't increase its same-store sales for the first time since 2009, a rare miss for a company that has avoided many of the problems weighing down the retail sector.

TJX blamed hurricanes and warmer-than-expected weather for the same-store sales decline in its biggest unit, which includes TJ Maxx and Marshalls, and flat growth overall in its third quarter. A year earlier, the metric grew by 5%.

On a conference call with analysts Tuesday, executives said sales would have been 2% higher excluding the impact from the hurricanes. Chief Executive Ernie Herrman said the company "could have done a better job in certain apparel categories," which also hurt sales. He said, however, that sales improved as the weather turned colder in late October, and that foot traffic increased across all major divisions during the period.

"Prior to the hurricanes and unseasonable weather, we were tracking better," Mr. Herrman said. "We had high hopes and then we got derailed."

Results have been mixed among U.S. retailers ahead of the key holiday shopping season. Last week, Macy's Inc.'s same-store sales fell 4% in its latest quarter, while Kohl's Corp. surprised analysts with a slight increase. Nordstrom Inc. reported a decline in overall same-store sales but a slight increase at Nordstrom Rack stores.

Analysts from Consensus Metrix had expected TJX's overall same-store sales to increase 2.3%. As many department stores have struggled to grow sales with more shopping being done online, TJX had for years bucked the trend, finding a niche alongside Nordstrom Rack as a low-cost alternative for increasingly price-conscious consumers.

The last time overall same-store sales didn't increase was the fiscal fourth quarter of 2009 when sales dropped 2%.

Mr. Herrman said the apparel issues had to do with the selection of goods by the company's merchants, adding that in some areas the fashion was too edgy. The company also made a conscious decision to hold off on bringing in cold-weather apparel and may have waited too long, he said.

Shares in the company, down 5.8% so far this year, dropped 4.9% to $67.24 in early trading.

Analysts had expected HomeGoods to contribute a 4% same-store sales increase and TJ Maxx and Marshalls to post a 1.7% rise. Instead, HomeGoods sales rose 3% and TJ Maxx and Marshalls sales slid 1%. Same-store sales rose 4% at stores in Canada and 1% at stores in Europe and Australia.

The Massachusetts-based company also missed revenue estimates in its latest quarter, but earnings were in line with analysts' expectations. For the third quarter, TJX reported a profit of $641 million, or $1 a share, up from $549.8 million, or 83 cents, a year earlier.

Revenue rose 7% to $8.76 billion. Analysts surveyed by Thomson Reuters had expected revenue of $8.86 billion.

Suzanne Kapner contributed to this article.

Write to Cara Lombardo at cara.lombardo@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TJX COMPANIES INC
11/15 TJX : Reports Q3 FY18 Results
11/14 TJX and Dick's Sporting Goods fall; Buffalo Wild Wings soars
11/14DJTJX : Breaks Eight-Year Sales Growth Streak -- 2nd Update
11/14 MARKETS RIGHT NOW : Retailers, energy pull US stocks lower
11/14 MARKETS RIGHT NOW : US stocks open lower on Wall Street
11/14 TJX COMPANIES INC /DE/ : Results of Operations and Financial Condition, Financia..
11/14DJTJX : Shares Slide as Retailer Misses Sales Estimate
11/14 A RARE MISS FOR TJX : No sales gain for key measure
11/14 THE TJX COMPANIES, INC. : Reports Q3 FY18 Results
11/14DJTJX Posts Slowest Sales Growth Since 2009 -- Update
More news
News from SeekingAlpha
11/20 DIVGRO PULSE : November 2017
11/20 TJX : Mispriced Stock In Off-Priced Retail
11/18 The Week That Was In Review - November 16, 2017
11/15 WALL STREET BREAKFAST : Order War At The Dubai Airshow
11/14 10 Dividend Growth Stocks For November 2017
Financials ($)
Sales 2018 35 667 M
EBIT 2018 4 094 M
Net income 2018 2 535 M
Finance 2018 1 166 M
Yield 2018 1,73%
P/E ratio 2018 18,15
P/E ratio 2019 16,75
EV / Sales 2018 1,24x
EV / Sales 2019 1,18x
Capitalization 45 296 M
Chart TJX COMPANIES INC
Duration : Period :
TJX Companies Inc Technical Analysis Chart | TJX | US8725401090 | 4-Traders
Technical analysis trends TJX COMPANIES INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 80,5 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Ernie L. Herrman President, Chief Executive Officer & Director
Carol M. Meyrowitz Executive Chairman
Scott Goldenberg Chief Financial Officer & Senior Executive VP
John F. O'Brien Lead Independent Director
Willow B. Shire Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TJX COMPANIES INC-5.47%45 296
COSTCO WHOLESALE CORPORATION6.79%74 716
WAL-MART DE MEXICO S A B DE C V23.18%42 144
TARGET CORPORATION-19.51%31 758
DOLLAR GENERAL CORP.15.43%23 364
DOLLAR TREE22.58%22 408