The TJX Companies, Inc. (TJX) Q3 2023 Earnings Call Transcript

The TJX Companies, Inc. (NYSE:TJX) Q3 2023 Results Conference Call November 16, 2022 11:00 AM ET

Company Participants

Ernie Herrman - President and CEO

Scott Goldenberg - Sr. EVP and CFO

Jeff Botte - IR

Conference Call Participants

Omar Saad - Evercore ISI

Lorraine Hutchinson - Bank of America Global Research

Matthew Boss - JPMorgan

Brooke Roach - Goldman Sachs

Paul Lejuez - Citi

Mark Altschwager - Baird

Michael Binetti - Credit Suisse

Chuck Grom - Gordon Haskett

Dana Tesley - Telsey Advisory

Operator

Ladies and gentlemen, thank you for standing by. Welcome to The TJX Companies Third Quarter Fiscal 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded, November 16, 2022.

I would like to turn the conference call over to Mr. Ernie Herrman, Chief Executive Officer and President of The TJX Companies, Inc. Please go ahead, sir.

Ernie Herrman

Thank you, Fran. Before we begin, Jeff has some opening comments.

Jeff Botte

Thank you, Ernie, and good morning. The forward-looking statements we make today about the Company's results and plans are subject to risks and uncertainties that could cause the actual results and the implementation of the Company's plans to vary materially. These risks are discussed in the Company's SEC filings, including, without limitation, the Form 10-K filed March 30, 2022.

Further, these comments and the Q&A that follows are copyrighted today by the TJX Companies, Inc. Any recording, retransmission, reproduction or other use of the same, for profit or otherwise without prior consent of TJX is prohibited and a violation of United States copyright laws. Additionally, while we have approved the publishing of a transcript of this call by a third party, we take no responsibility for inaccuracies that may appear in that transcript. We have detailed the impact of foreign exchange on our consolidated results and our international divisions in today's press release and the Investors section of our website, tjx.com.

Reconciliations of the non-GAAP measures we discuss today to GAAP measures are posted on our website, tjx.com, in the Investors section. Thank you. And now, I'll turn it back over to Ernie.

Ernie Herrman

Thanks, Jeff. Good morning. Joining me and Jeff on the call is Scott Goldenberg. As we announced today, John Klinger is being promoted to Chief Financial Officer at the beginning of our new fiscal year in late January. I wanted to take this opportunity to congratulate John on his broader role, and I look forward to working more closely with him as we move forward. Scott is remaining with the Company as Senior Executive Vice President, Finance. I would like to recognize his long and extremely successful tenure as CFO for which we are enormously grateful. I cannot emphasize enough how beneficial Scott has been to me personally. He has truly been a great partner. We are very pleased that TJX will continue to benefit from both, John and Scott's expertise and leadership.