What were the primary drivers of TJX's sales growth in this quarter?

The primary drivers of TJX's sales growth were a significant increase in customer traffic, leading to a 7% rise in same-store sales for the third quarter. Additionally, new store sales contributed to the overall 11% increase in net sales.

How did the company's profitability change compared to the prior year?

Profitability improved considerably, with diluted earnings per share (EPS) increasing by 17% to $0.62 for the quarter. This improvement was driven by higher merchandise margins, expense leverage, and a reduced share count due to ongoing share repurchases.

What is the performance of TJX's international segments?

TJX Canada saw a 9% increase in net sales for the quarter and a 4% increase in same-store sales. TJX Europe demonstrated a strong recovery, with a 13% increase in net sales and an 11% increase in same-store sales, leading to a substantial improvement in segment profit.

What is TJX doing with its cash flow?

TJX generated strong operating cash flow, which was used for capital expenditures, primarily for property additions for new stores and improvements. A significant portion of cash flow was also directed towards share repurchases, with approximately $950 million spent year-to-date, alongside dividend payments.

TJX 10-Q Quarterly Report Q3 FY2013 — Revenue, Net Income, EPS

Summary

TJX Companies Inc. reported strong third-quarter and year-to-date results for the period ending October 27, 2012. Net sales saw a significant increase of 11% year-over-year for the quarter, reaching $6.4 billion, and grew 10% to $18.2 billion for the first nine months. This growth was driven by a robust 7% increase in same-store sales for the quarter and an 8% increase for the year-to-date period, reflecting strong customer traffic across all segments. Profitability also showed marked improvement, with diluted earnings per share (EPS) rising 17% to $0.62 for the quarter and 32% to $1.73 for the nine-month period. This performance was bolstered by improved merchandise margins and expense leverage, particularly in the U.S. segments (Marmaxx and HomeGoods) and TJX Europe, which demonstrated substantial same-store sales growth. The company also continued its aggressive share repurchase program, returning capital to shareholders.

Financial Highlights

44 data points

Beta

Revenue

$6.41B

0.3% Gross Margin

Net Income

$461.55M

0.1% Net Margin

EPS (Diluted)

$0.31

Total Assets

$9.17B

Cash & Equivalents

$1.64B

Free Cash Flow

$435.54M

Financial Statements

Beta

Revenue	$6.41B
Gross Profit	$1.84B
SG&A Expenses	$1.09B
Net Income	$461.55M
EPS (Basic)	$0.32
EPS (Diluted)	$0.31
Shares Outstanding (Basic)	1.46B
Shares Outstanding (Diluted)	1.49B

Key Highlights

1Net sales increased by 11% year-over-year to $6.4 billion for the third quarter and by 10% to $18.2 billion for the first nine months.
2Same-store sales grew by 7% for the third quarter and 8% for the first nine months, indicating strong customer traffic.
3Diluted EPS increased by 17% to $0.62 for the quarter and 32% to $1.73 for the nine-month period.
4Merchandise margins improved, contributing to better cost of sales ratios and increased segment profit margins.
5The company repurchased approximately $950 million of its common stock year-to-date, reflecting a commitment to returning capital to shareholders.
6TJX Europe showed significant turnaround with 11% same-store sales growth for both the quarter and year-to-date, driving strong segment profit improvement.
7Consolidated average per store inventories decreased by 14% year-over-year, suggesting efficient inventory management.

TJX COMPANIES INC /DE/ Quarterly Report for Q3 Ended Oct 27, 2012

Summary

Financial Highlights

Key Highlights

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