TJX July Sales Up 8%
Framingham-based retailer TJX Cos. Inc. reported July sales were $1.8 billion, up 8 percent for the four-week period over last year.
For the 26-week period ended July 28, sales reached $11.8 billion, a 10-percent increase over the $10.7 billion the company recorded for the same period last year.
CEO Carol Meyrowitz said the results "significantly" exceeded expectations. She said the company, which owns off-price retailers T.J. Maxx, Marshalls and HomeGoods, expects second-quarter earnings per share to be 55 cents. That's about 2 cents higher than estimated last month. The company estimates that EPS for the full year will be in the range of $2.38 to $2.44.
Earlier this week, TJX purchased its longtime Framingham headquarters for $117 million. The company had agreed to buy the property and add 225 jobs in exchange for a 20-year, $6.5-million tax increment financing deal with the town. Earlier this year, it also expanded into the former Fidelity Investments campus in Marlborough, garnering $11 million in tax breaks from that city.
Read more
WBJ Web Partners
Most Recent
Most Recent
0 Comments