Marshalls news and archive

TJX posts strong sales and earnings growth

The TJX Companies fourth quarter net sales were 16.4 billion dollars, an increase of 13 percent with comparable store sales increased 5 percent. For the full year, net sales of 54.2 billion dollars, increased 9 percent and comparable store sales increased 5 percent. Commenting on the results, Ernie Herrman, CEO and president of The TJX...

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TJX Companies posts strong Q3, raises earnings outlook

The TJX Companies net sales for the third quarter were 13.3 billion dollars, an increase of 9 percent, while the company’s overall comp store sales increased 6 percent. Net income for the quarter was 1.2 billion dollars and diluted earnings per share were 1.03 dollars, up 13 percent versus the same quarter of fiscal 2023. Diluted earnings per...

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TJX Companies earnings beat expectations, sales drop

Third quarter net sales at The TJX Companies, Inc. were 12.2 billion dollars, a decrease of 3 percent versus the third quarter of fiscal 2022. The company’s U.S. comp store sales decreased 2 percent versus a 16 percent increase in U.S. open-only comp store sales in the third quarter of fiscal 2022. Net income for the quarter was 1.1 billion...

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TJX Companies posts 2 percent sales drop in Q2 but lifts FY23 outlook

The TJX Companies, Inc. reported net sales for the second quarter of 11.8 billion dollars, a decrease of 2 percent versus the second quarter of fiscal 2022. The company’s U.S. comp store sales decreased 5 percent versus a 21 percent increase in U.S. open-only comp store sales in the second quarter of fiscal 2022. Net income was 809 million...

Business

The TJX Companies posts 13 percent sales growth

The TJX Companies’ net sales for the first quarter were 11.4 billion dollars, an increase of 13 percent versus the first quarter of fiscal 2022. U.S. comp store sales growth rounded down to flat over a 17 percent increase in U.S. open-only comp store sales in the first quarter of fiscal 2022. Net income was 587 million dollars and GAAP diluted...

Business

TJX Companies net sales improve 27 percent

The TJX Companies, Inc. has announced net sales for the fourth quarter of 13.9 billion dollars, an increase of 27 percent versus the fourth quarter of fiscal 2021. Net sales for the fourth quarter of fiscal 2022 increased 14 percent versus the fourth quarter of fiscal 2020. U.S. open-only comp store sales increased 13 percent over a 6 percent...

Business

TJX Companies same-store sales increase 14 percent over Q320

The TJX Companies, Inc. net sales for the third quarter of fiscal 2022 were 12.5 billion dollars, an increase of 24 percent versus the third quarter of fiscal 2021 and 20 percent versus the third quarter of fiscal 2020. Overall open-only comp store sales increased 14 percent over a 4 percent increase in the third quarter of fiscal 2020. Net...

Business

TJX posts 16 percent increase in Q1 comparable sales

The TJX Companies, Inc. net sales for the first quarter were 10.1 billion dollars, an increase of 129 percent compared to the same quarter in fiscal 2021, while net sales increased 9 percent versus the first quarter of fiscal 2020. Overall open-only comp store sales increased 16 percent. Net income for the quarter was 534 million dollars and...

Business

TJX Companies announces quarterly dividend

The TJX Companies, Inc. has announced a quarterly dividend on its common stock of 26 cents per share payable June 3, 2021, to shareholders of record on May 13, 2021. The TJX Companies is an off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of the company’s fiscal year, the Company operated...

Business

TJX Companies posts drop in Q4 sales and profit

The TJX Companies, Inc. net sales for the fourth quarter were 10.9 billion dollars compared to 12.2 billion dollars in the fourth quarter last year, with overall open-only comp store sales down 3 percent versus last year. Net income for the fourth quarter was 326 million dollars and diluted earnings per share were 27 cents. The company said that...

Business

TJX declares 13 percent rise in quarterly dividend

The TJX Companies, Inc. announced a quarterly dividend on its common stock of 26 cents per share payable March 4, 2021, to shareholders of record on February 11, 2021. This, the company said in a statement, represents a 13 percent increase in the per share dividend compared to the previous dividend paid in March 2020. At the end of the company’s...

Business

TJX Companies posts profit in Q3

The TJX Companies, Inc. has announced that net sales for the third quarter were 10.1 billion dollars, while overall open-only comp store sales were down 5 percent versus last year. The company said in a statement that net income for the quarter was 867 million dollars and diluted earnings per share were 71 cents versus 68 cents in the prior...