Exhibit 99.1

The TJX Companies, Inc. Reports Q3 FY20 Results Well Above Guidance With Comp Sales Growth of 4% and EPS of $.68; Raises Full-Year EPS Guidance

  • Consolidated comp store sales increase of 4%, well above the Company’s guidance and over last year’s 7% increase
  • Customer traffic was the primary driver of the comp store sales increase at all four major divisions
  • Net sales increased 6% to $10.5 billion
  • Diluted EPS of $.68, well above the Company’s guidance
  • Increased full-year Fiscal 2020 EPS guidance
  • Returned $778 million to shareholders in the third quarter through share repurchases and dividends
  • Completed investment of $225 million for a 25% ownership stake in privately held Familia, Russia’s only major off-price apparel and home fashions retailer. The Company’s investment represents a non-controlling, minority position.

FRAMINGHAM, Mass.--(BUSINESS WIRE)--November 19, 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 third quarter ended November 2, 2019. Net sales for the third quarter of Fiscal 2020 increased 6% to $10.5 billion. Consolidated comparable store sales increased 4%, over last year’s 7% increase. Net income for the third quarter was $828 million, and diluted earnings per share were $.68 versus $.61 in the prior year. This was an 8% increase versus the prior year’s adjusted $.63, which excluded a $.02 pension settlement charge.

For the first nine months of Fiscal 2020, net sales were $29.5 billion, a 6% increase over the same period last year. Consolidated comparable store sales for the first nine months of Fiscal 2020 increased 4%. Net income for the first nine months of Fiscal 2020 was $2.3 billion, and diluted earnings per share were $1.86.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc., stated, “We are extremely pleased with our strong performance in the third quarter as both sales and earnings per share exceeded our expectations. Consolidated comp store sales increased 4% over a very strong 7% increase last year, and earnings per share were $.68. We are especially pleased that Marmaxx, HomeGoods, and TJX Canada each delivered a sequential increase in their comp store sales growth, and TJX International maintained its strong momentum driven by excellent performance in Europe. Further, customer traffic was the primary driver of the comp store sales increases at each of these four major divisions. With our above-guidance third quarter results, we are raising our full-year earnings per share guidance. Looking ahead, the fourth quarter is off to a solid start and we have many initiatives underway to keep driving traffic and sales to our stores and online during the holiday season and beyond. We are convinced our holiday marketing campaigns will position us as a top shopping destination for exciting gifts at amazing prices. We are seeing fantastic, widespread availability of quality, branded merchandise and are in a great position to capitalize on these opportunities. Longer term, we are confident that we can gain additional market share and continue the successful growth of TJX in the U.S. and internationally!”


The following information was filed by Tjx Companies Inc (TJX) on Tuesday, November 19, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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