TJX Boosts Profit Expectations
November 19 2019 - 9:16AM
Dow Jones News
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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