DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Jim Cramer's - 4 Jim Cramer - 4 Jim - 4 TJX - 3 — - 3 Ernie Herrman - 2 Herrman - 2 Wednesday's - 1
Top related locs:
Maxx Canada U.S buybacks New York HomeGoods Florida Port
Top related orgs:
TJX - 4 Management - 4 CNBC - 4 LSEG - 3 Marshalls - 3 TJX Companies - 2 Companies - 2 Getty - 2

Search resuls for: "TJX Canada"


7 mentions found


☆ TJX jumps 4% to a new high after earnings — here's what investors love about the report
  + stars: | 2024-05-22 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
TJX Companies shares climbed to an all-time high Wednesday after reporting better-than-expected fiscal first-quarter results Wednesday. Executives also said they see further ability to grow because TJX is becoming an increasingly important channel for its vendors. In the quarter, TJX returned a total of $886 million to shareholders in the quarter, with $609 million coming via buybacks and another $377 in dividend payments. Full year sales guidance was revised lower by about $150 million at the midpoint due to foreign exchange dynamics. Comparable same store sales guidance was left unchanged.
Persons: Wednesday's, Ernie Herrman, TJX, Herrman, we're, HomeGoods, John Klinger, Klinger, Jim Cramer's, Jim Cramer, Jim, TJMaxx, Jeff Greenberg Organizations: TJX Companies, LSEG, TJX, Marshalls, Ross Stores, Burlington Stores, Consumers, Companies, TJX Canada, Management, CNBC, Universal, Getty Locations: Maxx, HomeGoods, U.S, buybacks, Canada, Florida, Port
☆ We're raising our price target on TJX after the discount retailer's impressive earnings beat
  + stars: | 2024-02-28 | by ( Zev Fima | ) www.cnbc.com   time to read: +10 min
Higher sales and lower COGS resulted in better-than-expected gross margin expansion that trickled down to a bottom-line beat. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns.
Persons: Ernie Herrman, —, Herrman, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Companies, LSEG, Management, Wall, TJX, CNBC, Shoppers, TJ Maxx, CNBC TJX Companies Locations: Maxx, buybacks, Canada, New York
☆ Off-price retailer TJX delivers another earnings beat, making its stock a buy
  + stars: | 2023-11-15 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
TJX Companies (TJX) reported better-than-expected fiscal year 2024 third-quarter results on Wednesday, while again raising its outlook for the full fiscal year — prompting us to upgrade the stock to a buy-equivalent rating. Same-store sales were positive in every segment, with results in the Marmaxx and HomeGoods divisions "entirely driven by customer traffic," according to the company. Management was forced to shave the company's fourth-quarter guidance range to reflect a 3 cent-per-share expense that was pushed out from the third quarter to the fourth. The company also reiterated its same-store sales forecast for the fourth quarter, while increasing its same-store sales forecast for the full year. As was the case with TJX's last earnings report, the company's higher-than-expected cost of sales is not cause for concern as it's a function of higher-than-expected sales results.
Persons: —, nitpicking, TJX, That's, Jim Cramer's, Jim Cramer, Jim, Mario Anzuoni Organizations: TJX Companies, LSEG, Marshalls, Management, TJX, CNBC, Maxx Locations: Maxx, Canada, Pasadena , California
☆ We're adjusting our price target on TJX Companies following a stellar quarter
  + stars: | 2023-08-16 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
TJX Companies ' (TJX) stronger-than-expected fiscal year 2024 second-quarter results on Wednesday demonstrate the off-price retailer's ability to offer value to consumers no matter the economic climate, prompting us to raise our price target on the stock. Operating cash flow more than tripled analysts' forecasts, while same-store sales growth was double what analysts had predicted. As a result, we're raising our price target on TJX stock to $100 a share, up from $88. TJX YTD line TJX Companies (TJX) year-to-date performance. Notably, management said Wednesday that both comparable-store sales growth and customer traffic improved sequentially each month of its fiscal second quarter.
Persons: —, TJX, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Refinitiv, Marshalls, Management, TJX, CNBC, TJ Maxx, Blue, Bloomberg, Getty Locations: Maxx, Canada, New York, U.S
☆ Discount retail operator TJX shows it can deliver profits in a slowing economy
  + stars: | 2023-05-17 | by ( Zev Fima | ) www.cnbc.com   time to read: +6 min
Of course, as management noted Wednesday, they were also able to put the right items in the right stores at the right time. The operating environment undoubtedly remains uncertain for the retail industry, with consumers increasingly cost conscious amid a slowing economy. Quarterly results Fiscal first-quarter SSS rose 3% year-over-year, matching the high end of the 2% to 3% guidance range management provided the prior quarter. That was driven by a 5% same-store-sales increase at Marmaxx, a 1% increase at TJX Canada and 4% advance at TJX International. On a constant currency basis, sales at TJX Canada were up 3% year-over-year, while sales at TJX International — which includes operations in Europe and Australia — were up 5% annually.
☆ Off-price retailer TJX's quarterly results show strong demand. We're unconcerned by a softer profit outlook
  + stars: | 2023-02-22 | by ( Zev Fima | ) www.cnbc.com   time to read: +6 min
Bottom line It was an overall decent quarter for the off-price retailer, with total revenue, same-store sales and operating cash flow exceeding expectations. On the pretax margin, management expects lower freight costs, better buying and strategic retailing to result in an 80-basis-point to 100-basis-point tailwind that will more than offset the headwinds of "incremental wage and supply chain costs." Excluding this benefit, management expects to realize a pretax margin of 10% to 10.2% and earnings in the range of $3.29 to $3.41 per share. On a constant currency basis, sales at TJX Canada were up 10% year-over-year, while sales at TJX International — which includes operations in Europe and Australia — were up 11% annually. This excludes new stores, stores closed permanently or those closed for an extended period of time, as well as e-commerce.
☆ TJX hits an all-time high as reason we own off-price retailer played out in the quarter
  + stars: | 2022-11-16 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Club holding TJX Companies (TJX) reported stronger-than-expected fiscal third-quarter 2023 earnings and U.S. sales before the opening bell Wednesday, boosting shares of the off-price retailer by nearly 4% to an all-time high. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Speaking to the inventory glut at full-price retailers, TJX management said on their post-earnings call, "The marketplace is absolutely loaded with quality branded merchandise across good, better and best brands." That guide also represents a tightening around the $3.09 midpoint versus the $3.05 to $3.13 per share range provided with the prior quarter's release. This excludes new stores, stores closed permanently or closed for an extended period of time as well as e-commerce results.
0 next >>
Total: 7