TJX Oct. Sales Up 7%

Framingham-based retail giant TJX Cos. Inc. is continuing its rise, with same-store sales jumping 7 percent over last year in both October and in the third quarter, beating the company's own expectations.

Sales for the month hit $2.1 billion, up 11 percent over $1.9 billion in 2011. Year-to-date, sales rose 10 percent over the same period last year, coming in at $18.2 billion. The increase for consolidated same-store sales was 8 percent.

Similar to her comments in September, CEO Carol Meyrowitz said in a statement that the company – which owns off-price retailers T.J. Maxx, Marshalls and HomeGoods – was especially pleased with TJX Europe's same-store sales increase of 11 percent in October, as that arm of the company continues to drive growth.

Continuing a common trend for TJX, Meyrowitz said the company was raising its outlook for the third quarter and full year. Earnings per share for the third quarter of fiscal 2013 are expected to be about 61 cents, while earnings for the full year will be in the range of $2.44 to $2.47. That includes an estimated 2 cents per share non-cash, one-time charge in the company's third quarter for a correction to its pension accrual for prior years.

"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," Meyrowitz said.

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