TJX Same Store Sales Rose In The Four Quarter, Exceeding Market Expectations.

According to the world clothing shoes and hats net,

The discount mode of Companies Inc. (NYSE:TJX) has proved to be effective, while the fourth quarter group store sales rose by 6%.

The expected 3.5% increase is the best performing group in the department store.

Owns Marmaxx, HomeGoods, etc.

TJX Group CEO Ernie Herrman Herrman said in a statement that the group's clothing and home business was strong again, and the sales volume of all departments in the same store increased by 4-%, driven by the increase of passenger traffic volume.

Buying high-end brands and luxury brand products and buying them at a high discount price is a way to sell the TJX model in the 10 years after the financial crisis. The company did not decline in the 40 quarter of the same store, but remained flat for only one quarter. In the 23 fiscal year, TJX could achieve positive sales performance in the same store.

Ernie Herrman said Wednesday that the most satisfactory is the consistency of the performance of various departments.

At its performance meeting, the company said its Marshalls business unit will open up electricity providers, mainly providing online ordering and picking up and returning services to meet the consumer experience.

As the TJX mode is contrary to the electricity supplier, the proportion of electricity supplier sales is very small.

During the reporting period, TJX revenue increased slightly by 1.5% to 11 billion 127 million 300 thousand US dollars, up from 11 billion US dollars in the market and 10 billion 960 million 700 thousand US dollars in the same period in 2018.

As of the four quarter of February 2nd, TJX profit declined by 4.1%, from 877 million 300 thousand US dollars or earnings per share to US $841 million 500 thousand or earnings per share of US $0.68, which basically met market expectations. The decline in profits was mainly due to a 43% increase in the profits tax period due to the tax reform bill.

Fourth quarter, the Group recorded a pre tax profit margin of 10.6%, an improvement of 50 basis points compared with the same period last year, and a 90 basis point reduction to 11.5% after adjustment.

Gross profit margin for the period fell by 60 basis points, down 10 basis points to 27.9% after adjusting for 27.8%.

In 2019, TJX recorded a 6% increase in sales in the same store. Revenue increased from 35 billion 864 million 700 thousand US dollars in fiscal 2018 to US $38 billion 972 million 900 thousand, an increase of about 2%, and the increase from EPS 2.02 to 2018 US dollars in the 2018 fiscal year.

TJX expects the current fiscal year EPS 2.55-2.60 $2020, an increase of 5-7% over the same period, adjusted by an increase of 4-6% to US $2.45, and the same store sales growth is expected to be 2-3%.

In the first quarter, EPS was expected to be 0.53-0.54 dollars, which declined compared with the US $0.56 in the first quarter of fiscal year 2019, mainly due to the adverse exchange rate of 7%. The expected growth rate of same store sales in the first quarter is 2-3%, of which the core Marmaxx business is expected to increase by 3-4%.

As of February 2nd, the headquarters store in Massachusetts has operated 4306 stores worldwide, with a total annual growth of 236.

TJX Companies Inc. (NYSE:TJX) shares rose 3.70% to $51.56 on Wednesday's super expected performance. The company had previously folded shares. As of Wednesday's close, the company estimated that it had recorded a 15.24% increase so far this year, which is better than the 11.39% increase in the S & P 500 index.

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