DLTR has an expected EPS growth rate of 15.5% for three to five years. DLTR has a trailing four-quarter earnings surprise of 11.8%, on average. COST has an expected EPS growth rate of 9.1% for three-five years.ĭollar Tree, the operator of discount variety retail stores, carries a Zacks Rank of 2 at present. The Zacks Consensus Estimate for Costco’s current financial year sales and EPS suggests growth of 13.3% and 17.4%, respectively, from the year-ago period’s corresponding readings. COST has a trailing four-quarter earnings surprise of 13.3%, on average. TGT has an expected EPS growth rate of 16.5% for three-five years.Ĭostco, which operates membership warehouses, currently carries a Zacks Rank of 2 (Buy). The Zacks Consensus Estimate for Target’s current financial year sales and earnings per share (EPS) suggests growth of 3.5% and 6.7%, respectively, from the year-ago period. The company has a trailing four-quarter earnings surprise of 21.3%, on average.You can see the complete list of today’s Zacks #1 Rank stocks here. Target, a general merchandise retailer, sports a Zacks Rank #1 (Strong Buy). Here are some better-ranked stocks - Target Corporation TGT, Costco Wholesale Corporation COST and Dollar Tree DLTR. TJX’s stock has declined 8.5% in the past three months against the industry’s 11.3% growth. Well, it is yet to be seen if strength in its HomeGoods unit along with other growth efforts can help The TJX Companies sustain its growth amid a rising cost environment. The company also expects escalated wage costs to affect the fiscal first-quarter pretax margin. It anticipates first-quarter fiscal 2023 to be most pressured with incremental freight expenses. In its last earnings call, management highlighted that it expects expense headwinds to persist for fiscal 2023 compared with the fiscal 2022 level. Merchandise margin in the quarter was affected by rising freight expenses. In addition, net pandemic-induced expenses hurt the pretax margin by 0.5 percentage points. Management highlighted that additional investment to expand distribution capacity and wage hikes hurt margins. Cost Hurdles To Stayĭuring the fourth quarter of fiscal 2022, The TJX Companies’ consolidated pretax profit margin came in at 9%, down 1.9 percentage points from fourth-quarter fiscal 2020 levels. The company expects to offer impressive home fashion products at great value on its digital platform with this launch. We note thatThe TJX Companies launched in the third quarter of fiscal 2022.
Management highlighted that it witnessed consistent strength in every key category and geographic region for HomeGoods and HomeSense through fiscal 2022. During fourth-quarter fiscal 2022, open-only comp-store sales surged 22% in the HomeGoods (U.S.) segment from fiscal 2020 levels. Owing to store closures amid the pandemic, management had come up with a temporary new sales measure - open-only compstore sales - to offer a better view. The Zacks Rank #3 (Hold) company’s HomeGoods segment has been seeing robust demand for quite some time now. The TJX Companies is optimistic about its capabilities to provide fresh spring merchandise to its stores and online.
This will be spent on opening new stores, remodels, relocations and investments in distribution, network and infrastructure. Management expects to incur capital expenditures in the range of $1.7-$1.9 billion for fiscal 2023. During fiscal 2022, the company increased its store count by 117 stores to reach 4,689 stores. Management has been expanding its footprint rapidly in the United States, Europe, Canada and Australia. The TJX Companies is benefiting from its solid store enhancement efforts. During the year, the company introduced new categories and brands to all its online banners while launching shopping on. In its last earnings call, management highlighted that it is impressed with the sales growth of e-commerce businesses in 2021. With more consumers resorting to online shopping, The TJX Companies has undertaken several initiatives to boost online sales and strengthen its e-commerce business. Image Source: Zacks Investment Research What’s Aiding The TJX Companies?
In addition, unfavorable foreign currency translation might be a threat. However, the company is not immune to rising cost inflation. The leading off-price retailer’s HomeGoods segment has been aiding for a while.
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TJX benefits from efforts to enhance offline and online businesses.
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