COVID-19 Impact on The TJX Companies, Inc. and its future prospects

COVID-19 Impact on The TJX Companies, Inc. and its future prospects

  • October 2020 •
  • 24 pages •
  • Report ID: 5992904 •
  • Format: PDF
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 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.
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