UPDATE: TJX Cos. (TJX) Reports In-Line Q3 EPS; Trims FY14 EPS Outlook
TJX Cos. (NYSE: TJX) reported Q3 EPS of $0.85, in-line with the analyst estimate of $0.85. Revenues were $7.37 billion, versus the consensus estimate of $7.44 billion.
Comps rose 2.0 percent, versus the consensus gain of 2.2 percent.
TJX Cos. sees FY2014 EPS of $3.09 - $3.13, versus prior guidance of $3.10 - $3.18 and the consensus of $3.17.
For the fourth quarter of Fiscal 2015, the Company is updating its diluted earnings per share guidance to be in the range of $.86 to $.90, which would represent a 6% to 11% increase over last year’s $.81 per share. (The Street is at Q4 EPS of $0.94.) This guidance now assumes an expected $.02 per share negative impact from foreign currency exchange rates, versus the prior assumption of foreign currency being neutral, as well as a $.02 per share negative impact due to a combination of additional expenses and investments for the future. The Company is maintaining its outlook for estimated consolidated comparable store sales growth to be 1% to 2% and merchandise margins to be up.
For earnings history and earnings-related data on TJX Cos. (TJX) click here.
