TJX Companies (TJX), which owns TJ Maxx, Home Goods, Marshalls and Sierra Trading Post narrowed its earnings guidance for the first quarter, which also ended on May 4, to 61 cents to 62 cents per share, following strong same-store sales in the final four weeks of the quarter. TJX posted earnings per share of 55 cents in the April 2012 quarter.
The Framingham, Mass.-based company said last week that April sales 9% to $2 billion. Total quarterly sales rose 7% over the year prior to $6.2 billion. Still comparable store sales for the quarter rose just 2% compared to the year earlier period.
Macy's quarterly dividend is now 25 cents per share compared to 20 cents a share, previously. It's share repurchase program now totals $2.6 billion. Since resuming its share repurchase program in August 2011, Macy's has bought back approximately 60.3 million shares for approximately $2.2 billion through May 4, 2013.Macy's reaffirmed its forecast for comparable sales growth of 3.5% this year. The company also reiterated its guidance for earnings per diluted share in fiscal 2013 of $3.90 to $3.95. -- Written by Laurie Kulikowski in New York. Follow @LKulikowski To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.
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