This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The TJX Companies, Inc. Reports 41% Increase In First Quarter Adjusted EPS; Sees Strong Momentum Continue

Results for Q1 FY12 reflect expenses related to the A.J. Wright consolidation, including closing costs and additional operating losses related to the closure of A.J. Wright stores not closed in Q4 FY11, the costs related to the conversion of the former A.J. Wright stores to other TJX banners and the costs related to grand re-opening events when the stores re-opened. The Marmaxx and HomeGoods segments reflect costs related to store conversions and grand re-openings.

The following tables show the reconciliation between Q1 FY12 GAAP measures and the adjusted non-GAAP measures which exclude these items.
First Quarter of Fiscal 2013 - Reconciliation of expense ratios and pre-tax margin
US$ in Millions Fiscal 2013 Fiscal 2012 Fiscal 2012
As Reported As Adjusted As Reported
  % to   % to   % to
$'s   net sales $'s   net sales Adjustments $'s   net sales
Net Sales $5,798 $5,211 $(9) $5,220

Cost of sales including buying and occupancy costs
4,166 71.8% 3,811 73.1% (16) 3,827 73.3%
Gross Profit Margin 28.2% 26.9% 26.7%

Selling, general and administrative expenses
942 16.2% 892 17.1% (62) 954 18.3%
Interest expense, net 9 9 0 9
Income before taxes $681   11.8% $499   9.6% $69 $430   8.2%
First Quarter of Fiscal 2013 - Reconciliation of Marmaxx and HomeGoods segment margins
US$ in Millions Fiscal 2013 Fiscal 2012 Fiscal 2012
As Reported As Adjusted As Reported
% to % to % to
$'s   net sales $'s   net sales Adjustments $'s   net sales

Net Sales $3,889 $3,525 $0 $3,525
Segment Profit 605 15.5% 508 14.4% 17 491 13.9%


Net Sales $596 503 $0 $503
Segment Profit 69   11.7% 49   9.7% 3 45   9.0%

Note: Figures may not foot due to rounding.

10 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 -1.15%
FB $117.58 0.73%
GOOG $693.01 0.29%
TSLA $240.76 -2.81%
YHOO $36.60 0.03%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs