This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The TJX Companies, Inc. Reports 41% Increase In First Quarter Adjusted EPS; Sees Strong Momentum Continue

For the fiscal year ending February 2, 2013, on a GAAP basis, the Company is raising its guidance for diluted earnings per share to be in the range of $2.27 to $2.37, compared with $1.93 in earnings per share in Fiscal 2012. This guidance represents a 14% to 19% increase over the prior year’s adjusted earnings per share from continuing operations of $1.99 (detailed below) and is now based upon estimated consolidated comparable store sales growth of 2% to 3%.

   
Full Year
FY2013E     FY2012
      (53 weeks)     (52 weeks)

EPS from continuing operations
$2.27 - $2.37 $1.93
Impact of A.J. Wright Closing - $.04
Store Conversion/Grand Re-Openings Costs

-
$.02
Adjusted EPS from continuing operations $2.27 - $2.37 $1.99
 

The Company ’s full-year guidance includes an expected $.07 per share benefit from the 53 rd week in the Company’s Fiscal 2013 calendar. Excluding this estimated benefit, this guidance represents an 11% to 16% increase over the prior year’s adjusted earnings per share.

The Company’s earnings guidance for the second quarter and full year Fiscal 2013 assumes that currency exchange rates will remain unchanged from current levels.

6 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,637.41 -52.45 -0.30%
S&P 500 2,103.12 -0.72 -0.03%
NASDAQ 5,134.1460 +5.8650 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs