TJX Companies' Q4 Highlights: 5% Top-Line Growth, Inline EPS, Solid Shareholder Distributions & More


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • TJX Companies (NYSE:TJX) reported fourth-quarter FY23 sales growth of 5% year-on-year to $14.52 billion, beating the consensus of $14.06 billion.
  • The U.S. comparable store sales increased 4% versus last year, with Marmaxx store sales increasing 7% and HomeGoods declining 7%.
  • The gross profit margin for the quarter contracted 100 basis points to 26.1%. Selling, general and administrative expenses fell 0.9% to $2.5 billion.
  • EPS of $0.89 was in-line with the consensus estimate.
  • The company held $5.47 billion in cash and equivalents as of Jan. 28, 2023. The company generated $4.08 billion of operating cash flow in the year.
  • Total inventories as of Jan. 28, 2023, were $5.8 billion versus $6 billion at the FY22 end.
  • The company intends to increase the regular quarterly dividend on its common stock expected to be declared in March 2023 and payable in June 2023, to $0.3325 per share.
  • TJX expects to repurchase about $2 billion – $2.5 billion in fiscal 2024.
  • Outlook: TJX expects FY24 overall comparable store sales growth of 2% - 3%.
  • The company expects FY24 adjusted EPS of $3.29 - $3.41 against the consensus of $3.56.
  • For Q1, TJX expects overall comparable store sales to be up 2% to 3%. It expects EPS of $0.68 - $0.71, below the consensus of $0.74.
  • The company said it remains confident in improving profitability this year and reaching the pretax profit margin target of 10.6% by FY25. 
  • Price Action: TJX shares are trading lower by 1.04% at $78.00 in premarket on the last check Wednesday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: EarningsNewsGuidanceGeneralBriefs