TJX Raises Full-Year Profit Outlook |
Wall Street Journal - Nov 13, 2012 |
TJX Cos.'s TJX +2.76%fiscal third-quarter earnings rose 14% as sales at the off-price seller of brand-name apparel and home furnishings grew 11%. The company also raised its full-year earnings estimate by a penny.
For the full year, TJX is now expecting $2.45 to $2.48 a share. the company also forecast current-quarter adjusted earnings of 72 cents to 75 cents a share—including a seven cents a share benefit from an extra week—on flat to a 2% increase in same-store sales.
TJX had raised its fiscal third-quarter and full-year guidance earlier this month after it posted stronger October same-store sales. Profits have increased for more than a year at the parent of T.J. Maxx, HomeGoods and Marshalls as it continues to appeal to budget-conscious consumers worried about rising gasoline prices and a slow economic recovery.
Read Full Article from Wall Street Journal
- Posted: 2012-11-13 15:18:57
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