TJX reports Q4 EPS 89v, consensus 89c

Reports Q4 revenue $14.52B, consensus $14.06B. Reports Q4 U.S. comparable store sales up 4%. Ernie Herrman, CEO and president of The TJX Companies, Inc., stated, "I am so proud of the outstanding performance and execution of our teams again in 2022. By staying focused on our off-price fundamentals, which have served us well through many kinds of retail and macro environments, we continued to bring customers around the world exciting values and a treasure-hunt shopping experience, every day. Our eclectic, rapidly changing mix of gift giving assortments clearly resonated with consumers this holiday season. We saw fourth quarter U.S. comp store sales growth of 4%, well above our plan, and U.S. customer traffic increase. Marmaxx delivered a very strong 7% comp increase, its highest quarterly comp of the year, driven by excellent sales in its apparel and accessories categories."