TJX Companies Beats On Q4 Topline, Surpasses $50B Milestone In Annual Sales, Plans Stock Repurchase And Dividend Increase

TJX Companies, Inc. (NYSE:TJX) reported fourth-quarter FY24 sales of $16.41 billion, beating the analyst consensus of $16.21 billion. Revenues jumped 13% year over year.

The company reported adjusted earnings per share, which excludes an estimated benefit of $0.10 from the extra week in the quarter, of $1.12, in line with the street view of $1.12.

For the 14-week fourth quarter of fiscal 2024, net income was $1.4 billion and diluted earnings per share were $1.22, up 37% versus $0.89 in the 13-week fourth quarter of fiscal 2023. 

Fourth quarter …

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