TJX Sales Up 9 Percent In June
Framingham-based TJX Cos. Inc. announced sales increases for June, with total sales up 9 percent at $2.3 billion, compared to $2.1 billion in June 2011.
Meanwhile, consolidated comparable store sales increased 7 percent year over year.
The off-price apparel and home fashions retailer, which owns T.J. Maxx, Marshalls, and HomeGoods stores, also reported total sales of $10 billion for the year so far, which marks a 10-percent increase from the $9.1 billion achieved in the same period last year.
Given upward sales trends, the company expects second-quarter earnings per share to exceed the previously estimated range of $0.47 to $0.50, at $0.52 to $0.53 per share, according to CEO Carol Meyrowitz. TJX has also raised its earnings guidance for the full year to between $2.31 and $2.39 per share.
Meyrowitz said growth occurred in all of the company’s markets, including the U.S., Canada and Europe.
“We are very well positioned to buy into the opportunities we are seeing in the marketplace and offer consumers exciting brands and fashions at great values,” Meyrowitz said.
WBJ Web Partners
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