>>
Home / Knowledge / News / Apparel/Garments / TJX Companies net sales up 6% to $10.5 billion for Q3 2019

TJX Companies net sales up 6% to $10.5 billion for Q3 2019

21
Nov '19
Pic: TJX Companies
Pic: TJX Companies
TJX Companies, Inc, the leading off-price apparel and home fashions retailer in US and worldwide, has reported net sales of $10.5 billion for Q3 ending November 2, 2019, up 6 per cent compared to same period last year. Consolidated comparable store sales increased 4 per cent, over last year’s 7 per cent increase, while net income for Q3 was $828 million.

During the third quarter, the company increased its store count by 107 stores to a total of 4,519 stores.

For the first nine months of fiscal 2020, net sales were $29.5 billion, a 6 per cent increase over the same period last year. Consolidated comparable store sales for the first nine months of fiscal 2020 increased 4 per cent. Net income for the first nine months of fiscal 2020 was $2.3 billion.

“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 per cent over a very strong 7 per cent 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, said Ernie Herrman, chief executive officer and president of The TJX Companies, Inc.

“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 capitalise on these opportunities. Longer term, we are confident that we can gain additional market share and continue the successful growth of TJX in the US and internationally!”

For the fourth quarter of fiscal 2020, the company expects diluted earnings per share to be in the range of $.74 to $.76 versus earnings per share of $.68 in the prior year.

For the 52-week fiscal year ending February 1, 2020, the company now expects diluted earnings per share to be in the range of $2.61 to $2.63.

Fibre2Fashion News Desk (PC)


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd May 2022

Turkiye, UAE sign preliminary deal to boost trade, business

UAE federal export credit agency Etihad Credit Insurance (ECI)...

Pic: Shutterstock

Textiles | On 23rd May 2022

G7 finance ministers agree to deepen multilateral economic cooperation

G7 finance ministers and central bank governors, who recently met in...

Pic: Shutterstock

Textiles | On 23rd May 2022

Bangladesh’s external debt to GDP ratio reaches 21.8%

The ratio of Bangladesh’s external debt to gross domestic product...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Claudio Fracasso, FARÈ

Claudio Fracasso
FARÈ

Since 1970, Italy-based company FARÈ has been designing and manufacturing...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Johnny Cirillo, Watching NewYork

Johnny Cirillo
Watching NewYork

Johnny Cirillo, renowned for his candid photography in the streets of New...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Mesdan SPA
Bluestem Global Sourcing Limited
Dow Silicones Corporation
Rosset ;& Cia Limited
K AND D ITMACH EXPOSITIONS LLP
ITMA Services Pte Ltd
Palexpo SA
FULGAR SpA
Tchibo GmbH
Puma
Inter Expo Center Ltd.
Eastman Chemical Company
T.T. Limited
Eurofins BLC Leather Technology Centre Ltd
Truetzschler India Private Limited
X-Rite Asia Pacific Limited (HK)
Desigual - ABASIC, S.A.
Sateri (Jiujiang) Fiber Co.,Ltd
Color Service s.r.l.
NV Michel Van de Wiele
GIOVANNI BOZZETTO S.p.A.
Thermore (Far East) Ltd.
DuPont de Nemours, Inc.,
EUROVET ASIA LTD
Sainsbury's Argos Asia Limited
Shima Seiki Mfg. Ltd.
Decathlon
Lectra Technologies India Pvt Ltd.
Alix Partners
Permoda(Koaj/Armi/Pronto/Bkul)
Sportswear Company Spa
TESTEX AG, Swiss Textile Testing Institute
International Sourcing Expo Australia
Istanbul Fuarcilik A.S.
Nandan Denim Limited
Colours India Inc
Rayonese Textile Inc., Division de Culp Inc.
SHAHI Exports Pvt Ltd
Datatex Consulting Srl
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Thai Acrylic Fibre Company Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
TÜYAP IHTISAS FUARLARI A.S.
Hirdaramani International Export Private Limited
Benetton Group
BIMBA ;& LOLA SL
Hela Clothing Pvt Ltd
Savio Macchine Tessili S.P.A.
Boardriders Asia Sourcing Limited
Aleph Srl
Esprit Europe Services GmbH
Abit
Performance Days
Amazon China
Taiwan Textile Federation (TTF)
Groz-Beckert KG
NITI Aayog
JES MEDIA, INC
Lifestyle
IDH – The Sustainable Trade Initiative
BIANCA
BTC Textiles LLC
The LYCRA Company Singapore  Pte. Ltd
Grasim Industries Limited
VNU Exhibitions Asia
Vardhman Textile Ltd
Lisa S.P.A.
Zünd Systemtechnik AG
Lenzing Aktiengesellschaft - India
Karl Mayer Textilmaschinenfabrik GmbH
C;&A Sourcing International Ltd
Reiter India Private Limited
Groz-Beckert East Asia LLP
Newtech Textile Technology Development (Shanghai) Company Limited
SYNERGIES HONG KONG LIMITED
Huntsman (Singapore) Pte Ltd
Bluesign Technologies Ag
Gatsby Africa
LC Waikiki
ZAITEX spa
GHCL LIMITED
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Calvin Klein
Xtema - Thomas Lebherz Textilmaschinen
Thai Trade Center
Italian Trade Commission
Officina Meccanica Dora Enrico Srl
Gap International Sourcing Limited
Gloria Jeans
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Brückner Trockentechnik GmbH & Co. KG
UBM China (Shanghai)
H;&M Hennes ;& Mauritz (Far East) Ltd
China World International Exhibition Company Limited
Marzoli Machines Textile s.r.l.
Comasia Limited
Jindal Worldwide Limited
Target Corporation (MN)
Saurer Textile Solutions Pvt. Ltd.
Cat Tuong Real Estate Group Joint Stock Company
IIGM Private Limited
Alison Hayes Romania
GERBER TECHNOLOGY LTD.
Infor (Hong Kong) Limited
Rieter India Private Limited
Mayer & Cie. GmbH & Co. KG
KAS Direct Sourcing
Lacoste (Wanchai)
BRINKMANN GMBH
Woolmark Services India Pvt. Ltd.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
FESPA (Reigate)
Messe Duesseldorf
APLF Limited
Coats Digital Limited
KIABI
Tuyap Tum Fuarcilik Yapim A.S.
Itema Weaving (India) Private Limited
The Top Form Brassiere Manufacturing Company Limited
Lenzing Aktiengesellschaft
Applied DNA Sciences Inc
Zydex Industries
Loris Bellini S.r.l.
Tory Burch Hong Kong Ltd
Gokaldas Exports Limited
COTTON COUNCIL INTERNATIONAL
Midas Clothing Limited
Arvind Limited
Copenhagen Fashion Summit
Indofil Industries Limited - Specialty & Performance Chemicals Division
Landmark Group
TESCO INTERNATIONAL SOURCING LIMITED
Weitmann & Konrad GmbH & Co. KG
Shanghai  Aige Exhibition Service Co., Ltd
Centric Software
Sportmaster Ltd.
Under Armour Global Sourcing Ltd
Stahl Holdings B.V.,
Tommy Hilfiger
USTER
MAS Active / MAS Kreeda / MAS Bodyline
Vianney Textil Hogar S.A. De C.V.
Aramark Uniform ;& Career Apparel, LLC
Phong Phu international JSC (PPJ)
The LYCRA Company Singapore  Pte. Ltd
Seasalt Limited
Recron Polyester from Reliance Industries Limited
Page Industries Limited (Bangalore)
Lululemon Athletica Inc
Walmart
Flainox S.r.l.
Maceton Limited
Chori Company Limited
Brandix Lanka Limited
Etam Group Strategy Hong Kong Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
Kornit Digital Asia Pacific Ltd
Nihalani Events Management
G.A.S. unternehmenskommunikation gmbh
Recron Polyester from Reliance Industries Limited
EPCH
CSGIA(China Screen Printing & Graphic Imaging Association)
Messe Frankfurt Exhibition GmbH
CGS Inc.
DyStar India Pvt. Ltd
Datacolor AG Europe
J ;& P Coats
Aquarelle Clothing Limited
Kern – Liebers Textile
N9 World Technologies Private Limited
EMBEE CORPORATION
John Varvatos
H. Stoll AG & Company KG
Indo Tex
Varner AS Retail
G-Star Raw C.V.
Tradewind International Servicing
Helly Hansen Far East Ltd
Meera Dyestuff Industries
Asos
Green Fibre
OVS Hong Kong Sourcing Ltd.
IFF Media Ag - International Media Services
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
BTSR International S.P.A.
TEXVALLEY MARKET LIMITED
IKEA of Sweden AB
Guess Europe Sagl,
Haelixa AG
International Textile Manufacturers Federation
Splash
Chico’ FAS
PVH Corporation
Babyshop
Equinox Impex India
Lottmann Communications
Pt. Peraga Nusantara Jaya Sakti
Restoque S.A.

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search