This Day On The Street
Continue to site
ADVERTISEMENT
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. Raises View Of Q3 And Full Year FY14 And Highlights Investor Event Focus: Increased Long-Term Store Growth Potential; Greater Margin Potential In Europe; And Confidence In Long-Term EPS Growth Model

The Company is maintaining its fourth quarter earnings per share guidance of $.77 to $.80, compared to $.82 last year, which also included the approximately $.08 benefit from the extra week in Fiscal 2013.

Investor Event Focus

Company to Raise Long-Term Store Growth Potential in Current Markets

The Company will raise its estimates for long-term store growth potential on a consolidated basis with its current chains, in its current markets. The most significant factor in this increase is that TJX now believes that its Marmaxx division (T.J. Maxx and Marshalls) can grow to substantially more stores in the U.S. than it had previously estimated. Marmaxx has seen successful growth in both major cities and rural areas over the last several years, which has given the Company the confidence to increase its growth estimates.

Company Sees Greater Margin Potential for European Division

The Company will discuss its view that it now sees TJX Europe (consisting of T.K. Maxx and HomeSense) as having the long-term potential to reach a 10%-plus segment profit margin. Previously, the Company had modeled its European division at a potential 8%-plus margin. TJX Europe has reported strong results for the past seven quarters, which has given the Company confidence in this division’s increased ability to lever its infrastructure as it pursues its expansion opportunities.

Continued Confidence in Long-Term Annual EPS Growth Model of 10%-13%

The Company is also confirming its confidence in its ability to grow earnings per share annually by 10%-13% for each of the next three years. The underlying components of this plan remain as follows: The Company expects to grow its sales by 6%-7%, with approximately 2% growth coming from comparable store sales and 4%-5% from square footage growth. An additional 1%-2% is estimated to come from segment profit margin improvement and an additional 3%-4% is expected to come from the Company’s share repurchase program.

2 of 4

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,528.25 -69.95 -0.40%
S&P 500 2,096.92 -1.12 -0.05%
NASDAQ 5,112.6920 -2.69 -0.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs