Tjx Companies Inc - TJX STOCK NEWS

The TJX Companies, Inc. (NYSE: TJX) has declared a quarterly dividend of $.26 per share, payable on June 3, 2021, to shareholders on record as of May 13, 2021. This announcement underscores the company's commitment to returning value to its investors. As of the end of January 2021, TJX operated 4,572 stores across nine countries, positioning itself as a leading off-price retailer in the apparel and home fashion sector.

The TJX Companies reported fourth-quarter Fiscal 2021 net sales of $10.9 billion, a 3% decline in open-only comparable store sales. Net income stood at $326 million with diluted earnings per share at $.27, impacted by a $.18 debt extinguishment charge. The pandemic led to a significant approx. $950 million in lost sales due to store closures. For the full fiscal year, net sales totaled $32.1 billion, with a 4% decrease in comparable store sales. The company declared a quarterly dividend of $.26, marking a 13% increase from the previous year.

The TJX Companies, Inc. (NYSE: TJX) will release its fourth quarter and full year Fiscal 2021 sales and earnings results on February 24, 2021, before 9:30 a.m. ET. A conference call led by CEO Ernie Herrman will follow at 11:00 a.m. ET, discussing the results and business trends. As of October 31, 2020, TJX operates 4,574 stores across nine countries. Investors can access a real-time webcast and a replay of the call through TJX.com.

The TJX Companies, Inc. (NYSE:TJX) has declared a quarterly dividend of $0.26 per share, scheduled for payment on March 4, 2021, to shareholders on record as of February 11, 2021. This marks a 13% increase from the prior dividend paid in March 2020. As of October 31, 2020, TJX operated 4,574 stores across nine countries, showcasing its leadership in the off-price retail sector.

TJX Companies, Inc. (NYSE: TJX) announced the pricing terms for cash tender offers totaling $1,118,651,000 for various debt securities. The Offers are part of a strategy to manage debt and are set to conclude on December 16, 2020. Holders who validly tender their securities by the early deadline of December 2, 2020, will incur a one-time pre-tax loss of approximately $315 million. The total consideration for securities includes an early tender premium. The company reserves rights to amend the Offers, depending on market conditions.

The TJX Companies, Inc. announced an amendment to its cash tender offers, increasing the Maximum Tender Amount from $750 million to approximately $1.118 billion. As of the Early Tender Deadline on December 2, 2020, $1.50 billion of debt securities were validly tendered. Holders who participated by the deadline are eligible for a Total Consideration of $30 per $1,000 principal amount, plus accrued interest. The Offers are set to expire on December 16, 2020, yet are anticipated to close early due to high tender amounts. The company reserves the right to adjust terms according to law.

The TJX Companies, Inc. (NYSE: TJX) announced cash tender offers for up to $750 million of certain debt securities. The offers include various senior notes with differing due dates and acceptance priority levels. Holders of validly tendered securities by the Early Tender Deadline will receive a total consideration that includes a $30 early tender premium. The offers will expire on December 16, 2020, unless extended. The company reserves the right to modify the maximum tender amount and may not fully accept all tenders, depending on priority levels.

For the third quarter of Fiscal 2021, TJX Companies reported net sales of $10.1 billion, down 5% year-over-year. Net income was $867 million, with diluted EPS increasing to $.71 from $.68 due to a lower tax rate. However, the company faced a net loss of $235 million for the first nine months impacted by COVID-19 store closures. Open-only comp store sales decreased 5%, with HomeGoods achieving 15% growth. TJX plans to reinstate a quarterly dividend of $.26 per share, representing a 13% increase.

The TJX Companies (NYSE: TJX) will release its third quarter Fiscal 2021 sales and earnings results on November 18, 2020, before 9:30 a.m. ET. A conference call with CEO Ernie Herrman will follow at 11:00 a.m. ET, discussing the results and business trends. A live webcast will be accessible at tjx.com. A replay will be available until November 25, 2020. As of August 1, 2020, TJX operated 4,557 stores across nine countries, specializing in off-price apparel and home fashions.