April 5, 2012
TJX Sales Up Double Digits, Raises Guidance
The TJX Cos. Inc. is reporting yet more good news, with a 14 percent year-over-year increase in March sales to a total of $2.3 billion.
Consolidated comparable store sales for the five-week period, which ended March 31, also rose 10 percent.
The company raised its guidance for the first quarter of fiscal 2013 to between 51 and 52 cents per share, up from a previous range of 45 to 47 cents. TJX also raised its full-year expectations to the range of $2.25 to $2.35.
Earlier this week, the company announced a 21 percent increase in its common stock dividend and declared a regular quarterly dividend of 11.5 cents per share payable on May 31.
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