TJX raises full-year earnings forecast

Associated Press Published: November 13, 2012
Advertisement
;

CEO Carol Meyrowitz said in a statement that traffic improved across all divisions in the U.S., Canada and Europe.

For the fiscal year, the company anticipates earnings of $2.45 to $2.48 per share. It previously predicted earnings of $2.44 to $2.47 per share. The latest figures are still below analysts' expectations for earnings of $2.49 per share.

In the fourth quarter, TJX foresees adjusted earnings between 65 cents and 68 cents per share. Wall Street predicts earnings of 76 cents per share.

Revenue at stores open at least a year is expected to be flat to up 2 percent.

TJX has 1,030 T.J. Maxx, 911 Marshalls and 414 HomeGoods stores in the U.S.; 222 Winners, 88 HomeSense and 14 Marshalls stores in Canada and 343 T.K. Maxx and 24 HomeSense stores in Europe.