August 4, 2011
TJX Raises Earnings Estimate
The TJX Cos. Inc. of Framingham has raised its second-quarter earnings-per-share guidance after its sales rose again in July.
The discount retailer is now predicting diluted earnings per share between 88 and 89 cents for the quarter, compared with 74 cents for the same period last year.
For July 2011, the company's sales were $1.6 billion, up 8 percent from July 2010. Consolidated comparable store sales for the four-week period were up 4 percent.
The company said sales were particularly strong at The Marmaxx Group, the company's largest division, which includes T.J. Maxx and Marshalls stores.
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