TJX Companies Is Optimistic about Its Fiscal 2019 Earnings

TJX Companies (TJX) exceeded analysts’ earnings expectations in eight of the past ten quarters. In the second fiscal quarter of 2019, which ended on August 4, the company reported an EPS of $1.17. The EPS grew 37.6% on a year-over-year basis. The company exceeded analysts’ expectation of $1.05. Excluding the impact of a $0.18 benefit resulting from the Tax Cuts and Jobs Act of 2017, the company’s EPS grew 16.5% to $0.99 in the second fiscal quarter.