The 10-second takeaway
For the quarter ended Feb. 2 (Q4), TJX Companies beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
TJX Companies logged revenue of $7.75 billion. The 20 analysts polled by S&P Capital IQ expected a top line of $7.60 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $6.71 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.82. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.80 per share. GAAP EPS of $0.82 for Q4 were 165% higher than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.6%, 140 basis points better than the prior-year quarter. Operating margin was 12.6%, 120 basis points better than the prior-year quarter. Net margin was 7.8%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $6.21 billion. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $27.35 billion. The average EPS estimate is $2.84.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 576 members out of 643 rating the stock outperform, and 67 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 172 give TJX Companies a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TJX Companies is outperform, with an average price target of $48.21.
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