(Updated - May 19, 2015 8:46 AM EDT. Update corrects typo in Q2 EPS and adds comments.)

TJX Cos. (NYSE: TJX) reported Q1 EPS of $0.69, $0.02 better than the analyst estimate of $0.67. Revenue for the quarter came in at $6.87 billion versus the consensus estimate of $6.8 billion. Comps rose 5%.

TJX Cos. sees Q2 EPS of $0.72-$0.74, may not compare to consensus of $0.78. This EPS outlook is based upon estimated consolidated comparable store sales growth of 2% to 3%.

TJX Cos. sees FY2015 EPS of $3.21-$3.27, may not compare to consensus of $3.30.This EPS outlook is now based upon a raised estimate of consolidated comparable store sales growth of 2% to 3%.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are extremely pleased with our continued momentum and first quarter performance. Our 5% consolidated comparable store sales growth and 8% increase in earnings per share were both well above our plan. Our outstanding values and exciting mix of apparel and home fashions continue to resonate with shoppers across all of our geographies. It was great to see that, similar to last quarter, comp sales were almost entirely driven by customer traffic and we had a significant increase in units sold. At the same time, we also saw a strong increase in our merchandise margins. We were very pleased that we achieved these strong results despite significant foreign currency headwinds and while simultaneously investing in our business to support our growth goals. Our underlying business remains strong, our values are better than ever, and we have many exciting initiatives planned for the remainder of the year to continue driving sales and customer traffic. Further, we are thrilled to see our retail brands becoming more powerful and recognizable with consumers. We are raising our full year earnings per share and comp sales guidance based on the strength of our first quarter results. The second quarter is off to a very strong start and we are confident in our ability to achieve our plans for 2015. We remain convinced that we have the right strategy in place to achieve our long-term growth goals as TJX continues on the path to becoming a $40 billion-plus global, value retailer!”

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