On Feb. 21, retailer TJX
- Sales were slightly below estimates, but earnings per share on a continuing operations basis were slightly ahead of estimates. Continuing operations excludes the impact of store closures and one-time charges; long-term, these charges to close A.J. Wright stores and reposition the brand should bear fruit.
- For the year, TJX had positive same-store sales at every concept.
- Gross margins and operating margins increased. Net margins did so as well, if looked at from a continuing operations perspective.
- Free cash flow increased by 23.4% as the company reined in the expansion of its less profitable concepts.
- TJX is a two-star stock in CAPS, our interactive stock database.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
FY 2007 |
FY 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$17,404,637 |
$15,955,943 |
9.1% |
|
Net Profit |
$738,039 |
$690,423 |
6.9% |
|
EPS |
$1.55 |
$1.41 |
7.1% |
|
Diluted Shares |
480,045 |
491,500 |
(2.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2007 |
FY 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
24.08% |
23.45% |
0.63 |
|
Operating Margin |
7.25% |
6.51% |
0.74 |
|
Net Margin |
4.24% |
4.33% |
(0.09) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
FY 2007 |
FY 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$856,700 |
$465,649 |
84.0% |
|
Accounts Rec. |
$274,300 |
$299,300 |
(8.4%) |
|
Inventory |
$2,582,000 |
$2,365,861 |
9.1% |
|
Liabilities |
FY 2007 |
FY 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,372,400 |
$1,313,472 |
4.5% |
|
Long-Term Debt |
$785,600 |
$782,914 |
0.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
FY 2007 |
FY 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,195,000 |
$1,158,000 |
3.2% |
|
Capital Expenditures |
$378,000 |
$495,900 |
(23.8%) |
|
Free Cash Flow |
$817,000 |
$662,100 |
23.4% |
Find out why Fools always follow the money.
Related Companies:
-
Target
(NYSE:TGT) -
Ross Stores
(NASDAQ:ROST) -
JCPenney
(NYSE:JCP)
Related Foolishness:
- TJX: No Longer on Sale
- TJX Gains Strength
- TJX Continues to Perform: Fool by Numbers
- Relaxing Results From TJ Maxx
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Nathan Parmelee had no position in any of the companies mentioned. Fool rules are here.
