Market Overview

UPDATE: TJX Posts Rise In FQ4 Profit, Lifts Dividend


TJX Companies Inc (NYSE: TJX) posted a rise in its fiscal fourth-quarter profit.

TJX's quarterly profit surged to $475.3 million, or $0.62 per share, versus $334.4 million, or $0.42 per share, in the year-ago period. Its sales surged 6% to $6.71 billion. Its comparable sales climbed 7%.

TJX expects profit of $0.45 to $0.47 per share for the first quarter and $2.21 to $2.31 per share this fiscal year. However, analysts were expecting a profit of $0.62 per share in the fourth quarter, $0.46 per share in the first quarter and $2.27 for the new fiscal year.

TJX also announced its plans to repurchase up to $1.3 billion of stock this fiscal year. It is also lifting its quarterly dividend to 11.5 cents per share.

TJX shares closed at $35.22 yesterday.


Related Articles (TJX)

View Comments and Join the Discussion!

Posted-In: EarningsEarnings News Guidance Dividends Buybacks

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at