TJX Companies Inc.NYSE
Wed, Nov. 30, 12:03 PM
Tue, Nov. 22, 2:17 PM| Tue, Nov. 22, 2:17 PM | 7 Comments
Tue, Nov. 15, 8:37 AM
Mon, Nov. 14, 5:35 PM
Sat, Oct. 8, 9:09 AM
- Retailers want the U.S. election over and quick. The negative tone has created a degree of uncertainty with consumers that has impacted spending and traffic patterns, according to a host of top execs.
- "There is just great uncertainty as to what is going to happen in the U.S. in particular as a result of the outcome of the election," noted Yum Brands (NYSE:YUM) CEO Greg Creed recently. "People may be hunkering down a little bit," he added.
- Expect the topic to be raised on a large number of Q3 earnings calls over the next month to explain away revenue misses.
- It's not an excuse that everyone is buying into. Retail Metrics president Ken Perkins doubts that daily shopping needs are cut short by election fascination and notes consumer confidence is measuring high. Then there's Amazon (NASDAQ:AMZN) which seems to be rolling right along without any Clinton-Trump fatigue.
- Beyond the election wildcard, two underestimated factors impacting some retailers in a more concrete way are the lower level of SNAP (food stamps) benefits being paid out by the government and the elevated cost of health care. There is also the massive challenge with a millennial generation that shuns chains. Just ask anyone in the restaurant sector (NASDAQ:BITE).
- Add it all up and it makes for a challenging period for a mix of retailers that includes Dollar General (NYSE:DG), Dollar Tree (NASDAQ:DLTR), Fred's (NASDAQ:FRED), Ross Stores (NASDAQ:ROST), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Staples (NASDAQ:SPLS), McDonald's (NYSE:MCD), Popeyes Louisiana Kitchen (NASDAQ:PLKI), Wendy's (NYSE:WEN), Supervalu (NYSE:SVU), Kroger (NYSE:KR), SIgnet (NYSE:SIG), TJX Companies (NYSE:TJX), and Casey's General Stores (NASDAQ:CASY).
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Fri, Sep. 16, 11:08 AM
Thu, Sep. 15, 1:59 PM
- A new report from Moody's makes the argument that brick-and-mortar retailers such as Wal-Mart (WMT +1.2%) and Best Buy (BBY +0.1%) are thriving due to their sheer physical size. The ratings agency doesn't believe mass store closing are in the future, but sees a continuing trend toward "repurposing" of the store fleets to evolve to the multi-channel world.
- The pitch runs counter to the calls from some analysts for a mass reduction in square footage by major chains.
- Moody's on WMT: "Walmart's recent acquisition of Jet.com, while not a threat to Amazon's position, provides Walmart a speed advantage in boosting online growth by leveraging Jet's ready-made platform."
- Moody's on BBY:" Best Buy is an example of a retailer that continues to successfully transition online, with penetration approaching 20% of total sales."
- The interesting take from Moody's is probably relevant to other larger retail chains such as Staples (SPLS +1.8%), Target (TGT +0.8%), Walgreen Boots Alliance (WBA +0.3%), L Brands (LB +0.6%), Macy's (M +1%), and TJX Companies (TJX +0.8%) as well.
- Moody's press release
Thu, Sep. 8, 7:27 AM
- TJX Companies (NYSE:TJX) prices an $1.0B note offering due in 2026 at a rate of 2.250%.
- The Company intends to use the net proceeds from the sale of the notes to redeem its $375M 6.950% notes due April 15, 2019 and to use the remainder of the proceeds for working capital and other general corporate purposes.
- Source: Press Release
Tue, Aug. 16, 2:25 PM
- TJX Companies (NYSE:TJX) aims to increase revenue to over $40M as it leans on a bigger retail footprint to achieve the growth.
- The company sees expanding its store count to 5,650 locations from a current level of 3,675 stores.
- Shares of TJX are down 5% on the day due in part to full-year EPS guidance that arrived below consensus, although investors may be catching a good entry point. Edward Jones analyst Brian Yarbrough notes the retailer often under-promises and then over-delivers.
- Previously: TJX beats by $0.03, beats on revenue (Aug. 16)
- Previously: Same-store sales dazzle at TJX Companies while profit guidance lags (Aug. 16)
Tue, Aug. 16, 8:54 AM
- TJX Companies (NYSE:TJX) reports comparable-store sales increased 4%, a smashing mark in comparison to peers
- Comp growth by division: Marmaxx +4%, HomeGoods +5%, TJX Canada +9%, TJX International +2%.
- Pretax profit margin -40 bps to 11.6%.
- Gross profit margin rate +30 bps to 29.4% on improved merchandise margins.
- SG&A expense rate +80 bps to 17.7%.
- Inventory +5% Y/Y to $3.9B (-2% on a per-store basis).
- Guidance: TJX expects full-year EPS of $3.39 to $3.43 vs. $3.48 consensus.
- TJX -2.14% premarket to $81.00.
Tue, Aug. 16, 8:40 AM
Mon, Aug. 15, 5:30 PM
Wed, Jun. 8, 2:24 PM
- TJX (NYSE:TJX) declares $0.26/share quarterly dividend, in line with previous.
- Forward yield 1.35%
- Payable Sept. 1; for shareholders of record Aug. 11; ex-div Aug. 9.
Thu, May 26, 2:30 PM
- Discounters are rallying in full force after Dollar General (DG +4.6%) and Dollar Tree (DLTR +12.5%) both posted Q1 profit ahead of expectations.
- Steady consumer demand, tight expense control, and an easing of promotional pressure underpinned both reports.
- Retail Dive may have arrived at the heart of the matter, by noting that dollar stores attract different shoppers than the retailers which have been ravaged by Amazon's growth.
- "We are part of what I consider, in this economic environment, the most attractive sector in retail," said Dollar Tree CEO Bob Sasser.
- Investors seem to agree. Ollie's Bargain Outlet Holdings (OLLI +7.6%), Burlington Stores (BURL +7.8%), Big Lots (BIG +2.7%), Five Below (FIVE +2.9%), Ross Stores (ROST +0.9%), TJX Companies (TJX +1%), Tuesday Morning (TUES +1.9%), and Fred's (FRED +6.2%) are all pushing higher.
Tue, May 17, 9:04 AM
- TJX Companies (NYSE:TJX) cruises past analyst estimates with a Q1 report that could lift sentiment a bit over the broad retail sector.
- Comparable-store sales improved 7% during the quarter for TJX, with all divisions delivering positive growth.
- Gross profit margin improved 50 bps to 28.8% as buying and occupancy leverage kicked in.
- Total sales were up 10% for TJX with the company's total square footage up 5% Y/Y. Inventory was up 7% Y/Y.
- TJX raises full-year EPS guidance to $3.35-$3.42 vs. $3.29-$3.38 prior and $3.46 consensus. Higher wages are expected to pull on profits (more detail expected on the conference call).
- Previously: TJX beats by $0.05, beats on revenue (May 17)
- TJX +4.06% premarket to $78.25.
Tue, May 17, 8:37 AM
- TJX (NYSE:TJX): Q1 EPS of $0.76 beats by $0.05.
- Revenue of $7.54B (+9.8% Y/Y) beats by $250M.
- Shares +2.6% PM.