Company Earnings UpdateTJX Companies (TJX) Fiscal 1Q18 Results: Traffic Continues to Drive Comps; 2Q Off to a Solid Start Coresight Research May 17, 2017 Executive Summary TJX Companies reported fiscal 1Q18 EPS of $0.82 versus the consensus estimate of $0.79. Total revenues increased by 3%, to $7.8 billion. Comps increased by 1.0% versus expectations for a 1.6% increase. Marmaxx comps were flat, below expectations of 1.5%, while HomeGoods comps were up 3.0%, above expectations of 2.4%. TJX Canada comps were up 3.0% and TJX Europe comps were flat in the quarter. Management commented that the second quarter is off to a solid start. For the second quarter, the company expects EPS of $0.81–$0.83 versus consensus of $0.92 and compared with $0.84 in the year-ago period. The guidance assumes that foreign exchange will negatively impact EPS growth by 4% and that wage increases will negatively impact EPS by another 2%. Guidance also assumes a comp increase of 1%–2%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Mixed Signals—Economic Optimism Continues But Consumers Feel the Strain on Personal Finances: China Consumer Survey InsightsWeekly US Consumer Sentiment, Flash Preview: The Big Surprise in a Week of Shocks—InfographicThe Evolving Supply Chain Landscape: Tariffs, Holiday 2025, and What’s Next: Insights Presented by Deborah Weinswig at The Lead SummitAnalyst Corner: Three Key Predictions for India Retail in 2025, with Sujeet Naik
