TJX Companies April Comps Rise 6%

Written by admin on May 4th, 2012
Summary:

TJX Companies, Inc. said sales for the four-week period ended April 28, 2012, were $1.8 billion, up 7% over the $1.7 billion achieved during the four-week period ended April 30, 2011.

TJX Companies, Inc. said sales for the four-week period ended April 28, 2012, were $1.8 billion, up 7% over the $1.7 billion achieved during the four-week period ended April 30, 2011.

For the 13-week period ended April 28, 2012, sales reached $5.8 billion, an 11% increase over the $5.2 billion achieved in the same period last year.

Consolidated comparable store sales for the four-week period ended April 28, 2012 increased 6% over a 5% increase last year. For the 13-week, year-to-date period, consolidated comparable store sales increased 8%.

Carol Meyrowitz, chief executive officer, said, “We now expect first quarter earnings per share to be approximately $.54 and full year fiscal 2013 EPS to be in the range of $2.26-$2.36, both of which are above our recently raised guidance and up substantially over last year. We remain extremely well positioned to take advantage of buying opportunities in the marketplace and offer consumers ever-changing, compelling selections at excellent values.”

 

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