TJX Companies ($TJX) | EPS: $0.68 vs. $0.61 expected | Revenue: $11.41 billion vs. $11.61 billion expected | Link to Report
TJX (parent company of T.J. Maxx) joined the small group of retailers who have been able to defend their margins amid rising inflation pressures. Pretax margins for Q1 were 7.5% (and 9.4% on an adjusted basis). The company believes it is well-positioned for the current environment, as inflation-pinched consumers gravitate more toward discounted merchandise.
Investors cheered the results, with the stock closing up (7.12%) amid a sea of red. 📈
Cisco Systems ($CSCO) | Adjusted EPS: $0.87 vs. $0.86 expected | Revenue: $12.84 billion vs. $13.34 billion expected | Link to Report
The company noted the Russia/Ukraine war reduced revenue by ~$200 million and Covid-19 lockdowns in China exacerbated supply chain issues. For the fiscal fourth quarter, the company forecasted $0.76 – $0.84 adjusted EPS and a YoY revenue decline of 1% – 5.5%. The wider-than-usual guidance range reflects an “increasingly complex environment,” CEO Chuck Robbins says.
The stock is down 13% after hours, adding to its losses in the regular session.
Lowe’s ($LOW) | EPS: $3.51 vs. $3.22 expected | Revenue: $23.66 billion vs. $23.76 billion expected | Link to Report
The Container Store ($TCS) | EPS: $0.46 vs. $0.20 expected | Revenue: $305.55 million vs. $279.82 million expected | Link to Report
Tencent Holdings Ltd. ($TCEHY) | EPS: CN¥ 2.62 vs. CN¥ 2.81 expected | Revenue: CN¥ 135.5 billion vs. CN¥ 141 billion | Link to Report
Lowe’s lost 5.24% today, the Container Store Group gained 7.07% on news of EPS, and Tencent Holdings Ltd. dumped 6.97% at the close. 💰
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