KEY TAKEAWAYS
- TJX Companies, the operator of discount retailers including TJ Maxx, posted higher-than-expected quarterly results Wednesday and raised its full-year earnings outlook.
- TJX said it is raising its full-year pretax profit margin outlook and expects a 3% gain in comparable store sales year-over-year.
- Strong European sales drove gains in its international business, TJX said.
TJX Companies (TJX), the operator of discount retailers including TJ Maxx, posted higher-than-expected quarterly results on the back of gains in European sales Wednesday and raised its full-year earnings outlook.
The company, whose brands also include HomeGoods and Marshall's, posted third-quarter net sales of $14.1 billion, up 6% year-over-year, and above estimates from Visible Alpha of $13.93 billion.
澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) of $1.14 also exceeded the $1.08 EPS estimate co𒆙mpiled by Vis♛ible Alpha.
澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Ernie Herrman said the 3% gain in year-over-year same store sales was at the “high end” of the company’s plan andꦺ that the fourth quarter is "off to a strong start."
TJX Forec🅺asts Full Year Comparable Store Sales to Rise 3%
TJX said it expects full-year consolidated comparabꦓle st🅷ore sales to be up 3%.
It also rais✅ed its pretax profit margin outlook for the fu🅺ll fiscal year to be 11.3% and EPS to be in the range of $4.15 to $4.17.
When it announced 澳洲幸运5官方开奖结果体彩网:second-quarter earnings, TJX raised its outlook for pretax profit margin to around 11.2% and raised its forecast for diluted EPS to a range of $4.09 to $4.13.
TJX shares fell more than 1% Wednesday and are up about 25% this year.