TJX Cos. (TJX) Tops Q4 EPS by 1c; Guides Q1, FY14; Plans Boosted Dividend, Buyback

February 27, 2013 8:40 AM EST
TJX Cos. (NYSE: TJX) reported Q4 EPS of $0.82, $0.01 better than the analyst estimate of $0.81. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.65 billion.

Consolidated comparable store sales for the quarter on a 13-week basis increased 4% over the prior year’s 7% increase.

The Company also announced today its plan to repurchase approximately $1.3 billion to $1.4 billion of TJX stock during the fiscal year ending February 1, 2014.

The Company also intends to increase the regular quarterly dividend on its common stock to be declared in April 2013 and payable in June 2013 to $.145 per share, subject to the approval of the Company’s Board of Directors.

TJX Cos. sees FY14 EPS of $2.66-$2.78, versus the consensus of $2.84.

TJX Cos. sees Q114 EPS of $0.59-$0.62, versus the consensus of $0.63.

For earnings history and earnings-related data on TJX Cos. (TJX) click here.

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