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

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



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, versusoriginal 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.

Executive Summary
The TJX Companies, Inc.s exposure to COVID-19
The TJX Companies, Inc.s operational responses to COVID-19
Key findings
Key conclusions
Geographic spread analysis - COVID 19 vs The TJX Companies, Inc. Group Sales
Global & regional impact
Impact score for The TJX Companies, Inc. versus competitors
Financials for The TJX Companies, Inc. versus competitors
Revised 2020 revenue forecast
The TJX Companies, Inc.’s exposure
Latest News
Indications from Stock Price and Influencers
Company reaction
Indications from recruitment trends
Safety Measures
Store reopening
Appendix
Methodology

List Of Figures

Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
Countries/ regions affected by COVID-19
Spread of The TJX Companies, Inc. group sales in 2019
COVID-19 global impact score for The TJX Companies, Inc. versus competitors
The TJX Companies, Inc. global revenue and year on year growth 2015-2020
The TJX Companies, Inc. exposure: by region vs regional impact levels

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