NEW YORK, September 11, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on The TJX Companies, Inc. (NYSE: TJX). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=TJX

Highlights from our TJX Report include: 


        
        - Second Quarter and First Half Results - On August 18, 2015, The TJX Companies,
          Inc. announced its financial results for the second quarter of fiscal 2016 ended
          August 1, 2015. Net sales for the second quarter came in at $7.4 billion as compared
          to $6.9 million in Q2 FY15, thereby clocking a growth of 6% on a y-o-y basis. The net
          income for the second quarter was $549 million or 80 cents per diluted share. In the
          previous year second quarter the net income was $517 million, increasing 7% on a y-o-y
          basis.
        - Segment Performance - The Company's Marmaxx segment generated revenues of $4,805.9
          million during Q2 FY16 versus $4,493.9 million reported in Q2 FY15. The HomeGoods
          segment had revenues of $895.4 million vis-a-vis reported revenues of $773.1 million
          in the year ago period. These were the segment performance in the U.S., whereas
          turning the attention to the Company's International performance it is noticed that
          TJX Canada had posted revenues of $699.3 million in Q2 FY16 as compared to $695.9
          million reported in the last year quarter. TJX Europe generated revenues of $963.1
          million during the quarter as against $954.3 million in Q2 FY15.
        - Business Outlook - For the third quarter of Fiscal 2016, the Company expects diluted
          earnings per share to range from $0.80 to $0.82 as against $0.85 last year. The
          Company provides this guidance with the underlying assumption that the combination of
          foreign currency, transactional foreign exchange, the Company's wage initiative,
          incremental investments to support growth, and pension costs would have a 13% negative
          impact on EPS growth. However, the Company expects that the foreign currency impact to
          Q3 EPS growth would be significantly greater than originally planned due to the
          continued decline of the Canadian Dollar.
        - Management Speak - Carol Meyrowitz, Chairman and Chief Executive Officer of The TJX
          Companies said that the management was extremely happy that the Company's momentum
          continued in the second quarter. She added that it was great to see that comp sales
          were entirely driven by customer traffic which was the Company's fifth consecutive
          quarter of sequential traffic improvement.

To find out how this influences our rating on The TJX Companies, Inc. read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=TJX

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