TJX, A Low Price Department Store, Recorded An Increase Of 5% In The Same Quarter In The Three Quarter.

Low price department store industry leader TJX In the three quarter, Companies Inc. sales rose 5% in the same store. It continued to retain the record of the same store sales growth after the financial crisis, and realized the same store sales growth for 31 consecutive quarters.

As of the three quarter of October 29th, TJX Companies Inc. earnings per share declined from $0.86 a year earlier to $0.83, adjusted EPS 0.91 US dollars, which is better than the average expected $0.87 of Zacks 12 analysts. During the period, group revenue grew 6.9%, from 7 billion 753 million 500 thousand US dollars in the same period last year to 8 billion 291 million 700 thousand US dollars, slightly better than Zacks's expected US $8 billion 270 million.

However, the stock price rose sharply after the quarterly earnings announcement. On Tuesday, TJX Companies Inc. (NYSE:TJX) shares fell 0.98% to $73.49 a day, down 11% from its peak of 83.64 dollars in August. In addition, the company's four quarter EPS expects 0.96-0.99 dollars to be lower than Thomson Reuters's expected $1.02.

TJX Companies Inc. CEO and CEO Ernie Herrman said in the earnings report that she was satisfied with the group's passenger flow and sustained double sales growth, and sales continued to be supported by the growth of passenger traffic volume.

As of the three quarter of October 29th, sales of TJX Companies Inc. departments were positive, showing whether they were clothing, home, North America or Europe. market Both were strong. The group currently operates T.J. Maxx (T.K. Maxx), Marshalls and HomeGoods (HomeSense), etc. brand 。

In the three quarter, TJX Companies Inc. recorded a net profit of US $549 million 800 thousand, down 6.4% from 587 million 300 thousand US dollars in the same period of last year, and a combined pre tax profit margin of 10.7%, a decrease of 100 basis points compared with the same period last year, excluding 11.7% of the adjustment of pension expenditure, and a decrease of 40 basis points compared with the same period last year.

As of the three quarter of October 29, 2016, the gross profit margin of TJX Companies Inc. was 29.5%, an increase of 50 basis points compared with the same period.

TJX Companies Inc. now expects EPS to be US $3.46-3.48 for the whole year, which is further raised compared with the previous 3.39 -3.43 US dollar.