TJX Companies Beats on Both Top and Bottom Lines
TJX Companies (NYS: TJX) reported earnings on May 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 28 (Q1), TJX Companies beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Margins increased across the board.
TJX Companies booked revenue of $5.80 billion. The eight analysts polled by S&P Capital IQ looked for a top line of $5.72 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $5.22 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 $0.55. The 21 earnings estimates compiled by S&P Capital IQ averaged $0.54 per share. GAAP EPS of $0.55 for Q1 were 62% higher than the prior-year quarter's $0.34 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 28.2%, 150 basis points better than the prior-year quarter. Operating margin was 11.9%, 350 basis points better than the prior-year quarter. Net margin was 7.2%, 210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.85 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $25.14 billion. The average EPS estimate is $2.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 521 members out of 585 rating the stock outperform, and 64 members rating it underperform. Among 176 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 163 give TJX Companies a green thumbs-up, and 13 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 $41.52.
If you're invested in retailers like TJX Companies, you should check out the concept that is The Motley Fool's top stock for 2012. Its founder wrote the book on big box retailing, and it's growing in increasingly important international markets. Click here for instant access to this free report.
- Add TJX Companies to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.