TJX Cos. (TJX) Misses Q4 EPS by 35c, Revenues Miss
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The TJX Companies, Inc. Reports Q4 and Full Year FY21 Results; Reports Above-Plan Q4 Overall Open-Only Comp Store Sales of Down 3%; Plans to Declare Quarterly Dividend at Current Rate in the First Qua
February 24, 2021 7:33 AM ESTReported Q4 FY21 net sales of $10.9 billion, which reflects the negative impact of temporary store closures for approximately 13% of the quarter Q4 FY21 overall open-only comp store sales decreased 3%, which was well above the Companys plans Q4 FY21 diluted earnings per share were $.27, which includes a debt extinguishment charge of $.18 per share and a higher tax rate in the fourth quarter that negatively impacted EPS by an additional $.05 The Company estimates that its temporary store closures in Europe and Canada negatively impacted fourth quarter sales by... More
