TJX Cos. Says Its Board Reinstated Share-Repurchase Program
28 5월 2021 - 6:10AM
Dow Jones News
By Stephen Nakrosis
Retailer TJX Cos. Inc. on Thursday said its board has reinstated
the company's share-repurchase program.
TJX said it plans to repurchase about $1 billion to $1.25
billion of stock during the remainder of its fiscal year, which
ends Jan. 29, 2022.
The company also said it has about $3 billion remaining under
its existing buyback program.
Ernie Herrman, the company's president and chief executive, said
"We are pleased to announce the reinstatement of our significant
share repurchase program together with the declaration of our
quarterly dividend. We are also pleased to see continued momentum
in our business as second quarter overall open-only comp store
sales trends remain similar to the first quarter."
He added, "The actions we announced today demonstrate our
confidence in our business and our outlook for successful growth
over the long term. We see many opportunities to capture additional
market share in the future, and with our very strong balance sheet
and ability to generate cash flow, we are very pleased to again be
in a position of significantly investing in our business and
returning substantial cash to our shareholders."
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 27, 2021 17:00 ET (21:00 GMT)
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