5 Notable Quarterly Reports to Watch

4. The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 56

Shares of The TJX Companies, Inc. (NYSE:TJX) hit a nearly three-month high on Wednesday, 17 November 2021, after announcing better-than-expected profit and sales for the third quarter. The Massachusetts-based off-price retailer reported earnings of 84 cents per share, up from 71 cents per share in the comparable period of 2020.

In addition, The TJX Companies, Inc. (NYSE:TJX) posted revenue of $12.53 billion, compared to $10.12 billion in the year-ago quarter. The results easily exceeded the consensus forecast of 81 cents per share for earnings and $12.27 billion for revenue. The company also reported that it opened 19 new stores during the quarter, bringing the total count to 4,684.

Discussing the results, CEO Ernie Herrman said:

“I am extremely pleased with the continued strength of our business, with our overall open-only comp store sales up a very strong 14% over Fiscal 2020, and earnings per share of $.84, well above our plan. We saw robust trends throughout the quarter, with comp sales exiting the quarter as strong as the beginning of the quarter.”