The tjx companies reports q1 fy21 net sales of $4.4 billion

The tjx companies, inc. reports q1 fy21 results; begins reopening stores worldwide.tjx companies inc - q1 fy21 net sales of $4.4 billion.tjx companies inc - q1 fy21 loss per share of $.74.tjx companies inc - q1 results were negatively impacted by temporary closure of its stores.tjx companies inc - also had an inventory write-down charge in quarter.tjx companies inc - confident that co currently has sufficient liquidity for remainder of year.tjx companies inc - withdrew its q1 and full year fiscal 2021 guidance.tjx companies inc - qtrly marmaxx (u.s.) net sales $2,698 million versus $5,802 million.tjx companies inc - beginning may 2, co started to reopen stores in select states.tjx companies inc - to date, co has reopened more than 1,600 of its stores worldwide.tjx companies inc - for q1 of fiscal 2021, co wrote down inventory by about $500 million.tjx companies inc - "we have been encouraged with very strong sales we have seen with our initial reopenings".tjx companies inc - continues to expect its results to be significantly impacted by ongoing covid-19 pandemic.tjx companies inc - not providing a fiscal 2021 financial outlook at this time.tjx companies inc - total inventories as of may 2, 2020, were $4.9 billion, compared with $5.1 billion at the end of the first quarter last year..tjx companies inc - drew down full amount of $1 billion from revolving credit facilities.tjx companies inc - suspended share buyback program.
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