Exhibit 99.1

The TJX Companies, Inc. Reports Q4 and FY19 Results; Achieves above-Plan Comp Sales Growth of 6% for Both Q4 and FY19; Exceeds Q4 EPS Expectations; Announces Plans to Increase Dividend 18% and to Buy Back $1.75 to $2.25 Billion of Stock

  • Q4 above-plan consolidated comp store sales increase of 6%, over last year’s 4% increase
  • Customer traffic was the primary driver of the comp sales increases at every division for Q4 and FY19
  • Q4 net sales of $11.1 billion
  • Q4 diluted EPS of $.68 exceeds high-end of guidance
  • FY19 above-plan consolidated comp store sales increase of 6%, over last year’s 2% increase
  • FY19 (52 weeks) net sales increased 9% to $39.0 billion, over the 53-week period last year
  • FY19 diluted EPS of $2.43 at high-end of guidance
  • Returned $3.4 billion to shareholders in Fiscal 2019 through share repurchases and dividends
  • Provides FY20 Guidance

FRAMINGHAM, Mass.--(BUSINESS WIRE)--February 27, 2019--The TJX Companies, Inc. (NYSE: TJX), the leading off-price apparel and home fashions retailer in the U.S. and worldwide, today announced sales and earnings results for the fourth quarter ended February 2, 2019. Net sales for the 13-week fourth quarter of Fiscal 2019 increased 2% to $11.1 billion, over the 14-week period last year. Consolidated comparable store sales increased 6% over a 4% increase in the comparable period last year ending February 3, 2018. Net income was $842 million and diluted earnings per share for the 13-week fourth quarter were $.68, versus $.69 in the prior year’s 14-week fourth quarter. Adjusted fourth quarter diluted earnings per share were $.59 versus adjusted earnings per share of $.59 in the prior year (see reconciliation below).

For the 52-week fiscal year ending February 2, 2019, net sales were $39.0 billion, a 9% increase over the 53-week period last year. Consolidated comparable store sales for Fiscal 2019 increased 6% over a 2% increase last year. Net income was $3.1 billion and diluted earnings per share for the 52-week fiscal year were $2.43, a 20% increase over $2.02 in the 53-week prior fiscal year. Adjusted Fiscal 2019 diluted earnings per share increased 9% to $2.11, versus adjusted earnings per share of $1.93 in the prior year (see reconciliation below).

 

Fourth Quarter and Full Year FY2019 Reconciliation of Diluted EPS to Adjusted EPS

 
    Fourth Quarter     Full Year
      FY2019  

FY2019
Guidance

  FY2018     FY2019  

FY2019
Guidance

  FY2018
                             
Diluted EPS     $.68  

$.66 to $.67

  $.69     $2.43   $2.41 to $2.43   $2.02
Net Benefit of 2017 Tax Act Items1     ($.08)   ($.10)   ($.09)     ($.34)   ($.36)   ($.09)
Benefit of Extra Week in FY2018     -   -   ($.06)     -   -   ($.06)
Sierra Impairment Charge     -   -   $.05     -   -   $.05
Pension Settlement Charge (Q3 FY2019)     -   -   -     $.02   $.02   -
                             
Adjusted Diluted EPS2     $.59  

$.56 to $.57

  $.59     $2.11  

$2.08 to $2.09

  $1.93

1FY2019 benefit is primarily due to a lower corporate tax rate. FY2018 benefit is primarily due to the deferred tax liability revaluation and lower corporate tax rate, net of Associate bonuses, retirement plan contributions, and contributions to charitable foundations.
2Adjusted Diluted EPS totals may not foot due to rounding.


The following information was filed by Tjx Companies Inc (TJX) on Wednesday, February 27, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Tjx Companies Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Tjx Companies Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account