TJX'S Failure Led Investors To Despair Of The Department Store Industry.

According to the world clothing shoes and hats net, May 17, 2017: the last "fort" failure, let investors thoroughly.

Industry desperation, because the low discount is known as the "dream mode" of TJX Companies Inc. (NYSE:TJX) on Tuesday before the disclosure is inferior.

The expected quarterly sales of the same store led to a sharp fall in share prices and failed to extend the upward trend of the past two years.

As of the first quarter of April 29, 2017, the sales of TJX, T.J., Maxx, T.K., Maxx, Marmaxx and Home Goods in the same quarter were only 1%, up from 7% in the same period last year, 3% in the fourth quarter of last year, 1.6% in FactSet analysts, and 1.5% in the Consensus of industry institutions. 2018.

Group chief executive officer Ernie Herrman said that despite the poor weather conditions in parts of the US and Canada, the group has achieved positive results and sales continue to be driven by data that is generally weak in the volume of passenger traffic.

The scenes of Ernie Herrman failed to hide the worst performance of TJX's same store sales in the past 10 quarters in the first quarter.

In the first quarter, TJX earned $7 billion 784 million, an increase of 3.2% over the 7 billion 542 million 300 thousand quarter of the first quarter of 2017, but far less than the $7 billion 880 million expected by the market. During the period, the group's pre tax consolidated net profit margin was 10.2%, down 20 basis points compared with the same period last year. Gross profit margin increased by 20 basis points over the same period last year, mainly due to hedging and strong inventory.

Profit margins offset the rise in costs.

By the end of the first quarter of April, TJX stocks stood at 3 billion 700 million US dollars, a decrease of about 5% compared with 3 billion 900 million US dollars in the same period last year, excluding the way and the electricity supplier inventory. At the end of the first quarter, group inventory dropped 9% and fixed exchange rate decreased 7%.

TJX first quarter earnings per share of 0.82 U.S. dollars, a year earlier, 0.76 US dollars, exceeding Zacks's expected $0.79, the group now expects the two quarter earnings per share of 0.81-0.83 US dollars, compared with the two quarter of 2017, 0.84 decline; the whole year EPS is expected to be 3.82-3.89 US dollars, compared with the 2017 3.46 U. S. dollar has an increase in 10%-12%, excluding the calendar effect expected 3.71-3.78 US dollar, compared with 2017 in fiscal year 3.53 EPS EPS 5%-7% growth.

Thomson Reuters I/B/E/S expects TJX for the two quarter of EPS to be US $0.92, and FactSet's annual forecast for the company is US $3.90.

In view of the same store sales data and profit outlook in the first quarter, Jefferies Randal Randal, an investment bank analyst, said that under the difficult retail environment, it is difficult for the department stores to survive. TJX has been able to grab the share of its peers for many years. The expectations in the last two quarters are not as good as those in the market.

On Tuesday's close, TJX shares fell 4.08% to 73.76 U.S. dollars. The company's share price has dropped 1.82% this year, far from the 7.23% increase in the S & P 500 index for the same period. It has recorded a nearly 12% decrease from the 83.64 US dollar record in August 2016.

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