TJX Boosts Profit Expectations

   By Allison Prang

TJX Cos. (TJX), the parent of retail stores such as T.J. Maxx and HomeGoods, boosted its profit guidance for the fiscal year.

The company said it expects earnings of $2.61 to $2.63 a share, above its previous guidance of $2.56 to $2.61 a share. Analysts polled by FactSet are expecting $2.61 a share.

Third-quarter profit rose 8.7% from the comparable quarter a year ago to $828.3 million. Earnings were 68 cents a share, up from 61 cents a share a year earlier. Analysts polled by FactSet were expecting earnings of 66 cents a share.

Sales rose 6.4% to $10.45 billion. Analysts were expecting $10.32 billion.

Comparable-store sales rose 4%. Analysts polled by Consensus Metrix were expecting them to rise 2.4%.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

November 19, 2019 09:01 ET (14:01 GMT)

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