This Day On The Street
Continue to site
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 Strong 7% October 2012 Comp Sales Increase; Raises Third Quarter And Full-Year Guidance

The TJX Companies, Inc. (NYSE: TJX) today reported October 2012 sales results. Sales for the four-week period ended October 27, 2012, were $2.1 billion, up 11% over the $1.9 billion achieved during the four-week period ended October 29, 2011. For the 39-week period ended October 27, 2012, sales reached $18.2 billion, a 10% increase over the $16.5 billion achieved in the same period last year. Consolidated comparable store sales for the four-week period ended October 27, 2012, increased 7% over last year. For the 13-week third quarter, consolidated comparable store sales also increased 7% over last year. For the 39-week, year-to-date period, consolidated comparable store sales increased 8% over the same period last year.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are extremely pleased with our well-above-plan consolidated comp increase of 7%, which demonstrates once again our ability to deliver strong comp sales increases over strong increases in the prior year. Our momentum continued at all divisions and customer traffic drove comp increases across the board, which we believe speaks to the staying power and appeal of our great brands and fashions at compelling values. We were particularly pleased with TJX Europe’s 11% comp sales increase, achieved over a 5% increase last year, as we continue to see increasingly strong trends in this important growth vehicle. With above-plan sales in October, we are raising our outlook for the third quarter and full year. We believe the momentum we are seeing in all of our businesses, along with the exciting gift initiatives and marketing campaigns that we have planned, bode well for the holiday selling season. We are looking forward to a strong fourth quarter as well as to the longer term future growth of our Company.”

Updated Third Quarter and Full Year Fiscal 2013 Guidance

The Company is raising its earnings per share guidance for the third quarter of Fiscal 2013 to be approximately $.61 and for the full year Fiscal 2013, to be in the range of $2.44 - $2.47. This guidance includes the previously discussed estimated $.02 per share non-cash, one-time charge in the Company’s Fiscal 2013 third quarter for the cumulative impact of a correction to its pension accrual for prior fiscal years.

1 of 3

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.17 -1.10%
FB $118.79 0.83%
GOOG $705.95 0.64%
YHOO $36.82 -0.32%
TSLA $212.56 0.49%


Chart of I:DJI
DOW 17,640.85 -19.86 -0.11%
S&P 500 2,047.12 -3.51 -0.17%
NASDAQ 4,699.2780 -17.8160 -0.38%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs