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 Significant 6% December 2012 Comp Sales Increase On Top Of 8% Increase Last Year; Raises Fourth Quarter And Full Year EPS Outlook

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

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 $92.60 -0.69%
FB $119.18 1.20%
GOOG $711.10 1.40%
TSLA $214.43 1.40%
YHOO $37.24 0.81%


Chart of I:DJI
DOW 17,718.62 +57.91 0.33%
S&P 500 2,056.05 +5.42 0.26%
NASDAQ 4,729.6070 +12.5130 0.27%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs