This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The TJX Companies, Inc. Reports Significant 6% December 2012 Comp Sales Increase On Top Of 8% Increase Last Year; Raises Fourth Quarter And Full Year EPS Outlook

Stocks in this article: TJX

The TJX Companies, Inc. (NYSE: TJX) today reported December 2012 sales results. Sales for the five-week period ended December 29, 2012, were $3.6 billion, up 10% over the $3.3 billion achieved during the five-week period ended December 31, 2011. For the 48-week period ended December 29, 2012, sales reached $23.9 billion, a 10% increase over the $21.8 billion achieved in the same period last year. Consolidated comparable store sales for the five-week period ended December 29, 2012, increased 6% over an 8% increase last year. For the 48-week, year-to-date period, consolidated comparable store sales increased 7% over the same period last year.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “I am delighted to see that once again, consumers responded extremely well to our exciting selection of branded, giftable merchandise at excellent values, leading to our December comp sales increase of 6%. This comp increase significantly exceeded our expectations and was achieved over an 8% increase last year. Our December sales underscore that value remains top of mind for consumers and that our ability to offer extreme values during a promotional holiday selling season continues to be one of our key strengths. Once again, customer traffic drove the comp increases at all divisions for the month and importantly, we are confident that we will keep our new and already loyal customers coming back in the new year and beyond. With strong sales and margins in December, we are raising our outlook for fourth quarter earnings per share to be in the range of $.77-$.78, a 24%-26% increase over last year. For the full year, we are raising our guidance and now expect earnings per share to be in the range of $2.50-$2.51, representing 20-plus percent growth over last year for our $25 billion-plus Company. As we look ahead in 2013 and beyond, we are confident in our continued ability to drive strong growth in our brick-and-mortar business and are excited to see how e-commerce can offer us even greater advantage.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs