TJX earnings and revenue growth accelerate, but popular retailer guides lower

TJX Ltd. (Tian Jiaxing) reported strong fourth-quarter earnings earlier Wednesday, with revenue growth accelerating. The off-price retailer guided lower. But TJX also announced a dividend hike and a stock buyback program. Shares have hit an all-time high, with little change before opening.


Massachusetts-based TJX sells low-price clothing and home goods through TJ Maxx and other chains such as Marshalls, HomeGoods and HomeSense. TJX Competitors Ross Store (Rost) and burlington store (Festival) in the area of ​​discount clothing.

TJX earnings

TJX reported earnings of $1.12 per share, up 26% from the same period last year and up from 20% in the third quarter. Revenue grew 13% to $16.41 billion, the third consecutive quarter of slowly accelerating growth. Comprehensive same-store sales increased 5%.

Analysts forecast TJX earnings per share of $1.12, revenue of $16.202 billion, and same-store sales growth of 4.3%.

TJX expects first-quarter earnings per share of 84-86 cents, an annual increase of 2%-3%. That compared with analysts’ expectations of 86 cents and 3.8%, respectively. For fiscal 2025, the discounter expects earnings of $3.94-$4.02 and same-store sales of 2%-3%. Wall Street expected profits of $4.11 per share, an annual gain of 3.6%.

Dividends, buybacks and interest rates

TJX raised its quarterly dividend to 37.5 cents per share, a 13% increase from the previous 33.25 cents.

The retailer also plans to buy $2 billion to $2.5 billion in stock, replacing its previous buyback authorization with $1 billion.

TJX Stock

TJX shares edged up 0.1% in pre-market trading. Shares rose 1.3% to 100.52 on Tuesday, hitting a new all-time high. TJX has extended significantly from any buy point.

Ross Stores shares, which also hit a record high, were little changed early Wednesday.

Burlington Stores shares edged higher ahead of Wednesday’s open. The stock has rebounded from the 10-week line and consolidated, providing a buying opportunity. Ross and Burlington are both due to report results next week.

Please follow Ed Carson’s thread: @edcarson1971 andX/Twitter @IBD_ECarson Get stock market updates and more.

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