NYSE$TJX

TJX Companies Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

TJX's Q2 FY21 performance was impacted by temporary store closures due to COVID-19, but the company exceeded internal plans and generated significant cash flow.

TJX Companies reported Q2 FY21 net sales of $6.7 billion, exceeding internal plans despite store closures. The company generated $3.4 billion in operating cash flow and ended the quarter with $6.6 billion in cash. However, the company reported a net loss of $214 million, or ($.18) per share, due to the impact of COVID-19 and tax-related adjustments.

  • Reopened more than 4,500 stores worldwide and each of its online shopping websites.
  • Net sales for the second quarter of Fiscal 2021 were $6.7 billion, well above its internal plans.
  • Generated $3.4 billion of operating cash flow and ended Q2 FY21 with $6.6 billion of cash.
  • Q2 FY21 loss per share of ($.18).

Headline financials

Total Revenue

$6.67B

Previous: $9.78B-31.8%
EPS (adj)

-$0.18

Previous: $0.62-129.0%
Comp Store Sales Growth

-3.0%

No prior period
Capital Expenditures

-$310M

Previous: -$578M+46.4%
Free Cash Flow

-$524M

Previous: $181M-389.7%
Net Income

-$214M

Previous: $759M-128.2%
Operating Income

-$6.7B

Previous: -$8.75B+23.4%
Gross Profit

$1.49B

Previous: $2.76B-45.8%
Cash & Equivalents

$6.62B

Previous: $2.19B+202.8%
Total Assets

$26.6B

Previous: $22.9B+16.2%
Stock-Based Comp

$39.2M

Previous: $29.7M+32.1%

Revenue & EPS history

TJX · Revenue · Quarterly

$6.67B

Q2 2021-31.8%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

TJX · $14.3B total across 4 segments · Q1 2027

  • Marmaxx (U.S.)
    $8.65B
  • HomeGoods (U.S.)
    $2.51B
  • TJX International (Europe & Australia)
    $1.88B
  • TJX Canada
    $1.29B

Forward guidance

For the third quarter, the Company is planning overall open-only comp store sales to decrease in the range of 10% to 20%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.8%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+1.0%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+10.2%

Q2 2015

Best reaction

-10.1%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+5.4%+5.5%+9.3%
Q4 2026-0.0%+1.4%-1.6%
Q3 2026+0.9%+2.3%+6.2%
Q2 2026+2.7%+0.7%+3.8%
Q1 2026-2.9%-6.8%-8.5%
Q4 2025+1.8%+0.7%-3.7%
Q3 2025+0.2%+4.4%+2.0%
Q2 2025+5.0%+6.0%+4.1%
Q1 2025+2.5%+4.5%+13.6%
Q4 2024-1.4%-2.6%+0.9%
Q3 2024-4.5%-3.2%-3.5%
Q2 2024+2.9%+4.5%+7.8%
Q1 2024+1.3%+0.3%+3.9%
Q4 2023-1.4%-2.4%-5.0%
Q3 2023+3.8%+5.2%+3.4%
Q2 2023+2.0%-3.4%-3.0%
Q1 2023+9.3%+7.3%+0.8%
Q4 2022-0.9%+1.3%-6.1%
Q3 2022+5.2%+0.5%+6.5%
Q2 2022+3.8%+5.2%+0.2%
Q1 2022-5.3%-6.7%-10.9%
Q4 2021-3.6%-4.2%-6.0%
Q3 2021+0.7%+1.1%+10.7%
Q2 2021-10.1%-7.0%-2.5%
Q1 2021+5.0%+8.8%+3.5%
Q4 2020+0.7%+4.1%-21.6%
Q3 2020-0.4%-0.6%+1.2%
Q2 2020+3.8%+3.0%+9.5%
Q1 2020-2.4%-2.5%+1.6%
Q4 2019+3.2%+3.4%+7.0%
Q3 2019-5.7%-6.3%-13.3%
Q2 2019+4.0%+6.3%+7.8%
Q1 2019+3.8%+4.0%+13.7%
Q4 2018+7.1%+8.4%+5.5%
Q3 2018-2.4%+0.4%+3.8%
Q2 2018+2.8%+1.2%+5.2%
Q1 2018-2.8%-3.4%-5.7%
Q4 2017+2.1%+3.1%+2.9%
Q3 2017+2.9%+4.7%+4.3%
Q2 2017-5.5%-4.1%-9.3%
Q1 2017-0.6%
Q4 2016+3.3%
Q3 2016+4.1%
Q2 2016+4.6%
Q1 2016+1.8%
Q4 2015+1.3%
Q3 2015+1.0%
Q2 2015+10.2%
Q1 2015-3.1%
Q4 2014-0.4%
Q3 2014+1.2%
Q2 2014+6.6%
Q1 2014-2.2%
Q4 2013+3.0%
Q3 2013+2.7%
Q2 2013+1.8%
Q1 2013+6.9%
Q4 2012+2.0%
Q3 2012-0.3%
Q2 2012+1.6%
Q1 2012-3.0%
Q4 2011+0.5%
Q3 2011+1.1%
Q2 2011-0.4%
Q1 2011-1.6%
Q1 2010-1.6%
Q4 2008-1.8%
Q4 2010-1.8%
Q3 2009+0.0%
Q3 2010+0.0%
Q2 2010-3.3%
Q4 2009-3.3%
Q2 2009-3.3%

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