TJX raises FY24 adjusted EPS view to $3.61-$3.64 from $3.55-$3.62

Consensus $3.73. The company said, “For the fiscal year ending February 3, 2024, the Company is now expecting overall comparable store sales to be up 4% to 5%. For the 53-week fiscal year ending February 3, 2024, the Company expects pretax profit margin to be approximately 10.8% and is increasing its outlook for diluted earnings per share to be in the range of $3.71 to $3.74. The Company’s full-year guidance includes an expected pretax profit margin benefit of approximately 0.1 percentage point and a diluted earnings per share benefit of approximately $.10 due to the 53rd week in the Company’s Fiscal 2024 calendar. Excluding these expected benefits, the Company expects full-year Fiscal 2024 adjusted pretax profit margin to be approximately 10.7% and now expects adjusted diluted earnings per share to be in the range of $3.61 to $3.64.”