TJX Cos. (TJX) shares edge higher after topping Q3 earnings estimates
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Target, Home Depot fall premarket; Lowe's, Grab, Peloton rise
November 16, 2022 8:45 AM ESTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, November 16th. Please refresh for updates.
Target (NYSE: TGT) stock slumped 14% after the big-box retailer reported a halving in its third-quarter profit and forecast a surprise drop in... More
TJX Cos. (TJX) Names John Klinger Chief Financial Officer
November 16, 2022 8:31 AM ESTThe TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, announced today that John Klinger has been promoted to Executive Vice President, Chief Financial Officer effective January 29, 2023, the beginning of TJXs fiscal year. Mr. Klinger will oversee Corporate Finance for TJX, including Audit, Treasury, Tax, and Investor Relations. He will continue to report to Scott Goldenberg who has been CFO since 2012. Mr. Goldenberg will continue as Senior Executive Vice President, Finance, with responsibility for certain other corporate functions, including Global Communications, Risk Management,... More
TJX lifts sales forecast on demand for discounted apparel, home goods
November 16, 2022 7:41 AM ESTBy Ananya Mariam Rajesh
(Reuters) - TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store for affordable clothing and home decor items ahead of the crucial holiday season.
Lower-income consumers, hit by decades-high inflation, have shown a preference for shopping at stores such as TJX that offer branded products at cheaper prices.
Analysts have said that TJX is... More
TJX Cos. (TJX) Tops Q3 EPS by 6c, Offers Guidance
November 16, 2022 7:37 AM ESTTJX Cos. (NYSE: TJX) reported Q3 EPS of $0.86, $0.06 better than the analyst estimate of $0.80. Revenue for the quarter came in at $12.2 billion versus the consensus estimate of $12.29 billion.
GUIDANCE:
TJX Cos. sees FY2023 EPS of $3.07-$3.11 vs $3.10 consensus.
For the full year Fiscal 2023, the Company is maintaining the high end of its outlook for adjusted pretax profit margin. The Company expects pretax profit margin to be 9.3% to 9.4% and adjusted pretax profit margin to be 9.8% to 9.9%. The... More