COVID-19 Impact on The TJX Companies, Inc. and its Future Prospects

Summary

The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on The TJX Companies, Inc. & its future prospects.

TJX will underperform its original 2020 sales forecast in the wake of the COVID-19 pandemic, which led all its stores and online platforms to shut their operations during the peak of the crisis.

TJX sales are forecast to decline by 10.0% in 2020, versus the publisher’s original 2020 forecast of +6.9%, highlighting the negative impact of the COVID-19 crisis on the group’s performance.

Scope

• TJX will underperform its original 2020 sales forecast in the wake of the COVID-19 pandemic
• Temporary store closures had a significant impact on TJX revenues. To highlight, the group registered a net loss of US$887 million in the first quarter of FY 2021 ended May 2nd, 2020 and a net loss of $214 million in the second quarter, ended August 1st, 2020
• The outlook of the group looks gloomy as the pandemic continues to take a toll on overall performance.

Reasons to Buy

• Use our revised 2020 forecast for The TJX Companies, Inc. to understand how it will perform this year.
• Use our charts to review how The TJX Companies, Inc.'s sales are split by region globally and how these regions have been impacted by COVID-19.
• Use our in-depth analysis to review how The TJX Companies, Inc. has responded to COVID-19 and how this will affect its performance.