TJX boosts expectations

Framingham, Mass. – TJX today raised its outlook for third quarter and fiscal year, crediting strong sales velocity in October. The company’s fourth-quarter earnings estimate remains unchanged at 60 to 66 cents per share.

New expectations include:

Comp-store increase of 9% to 11% for October for the total company and the Marmaxx Group;Third-quarter earnings per share of 77-79 cents compared to 58 cents in last year’s 3Q;Third-quarter comps of 7% for the company and 8% to 9% for the Marmaxx Group;Fiscal year earnings per share of $2.46 to $2.54 compared to $2.08 last year;Fiscal year comp increase of 4% to 5% both on a consolidated basis and for Marmaxx.

 

 

 

 

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!