TJX Cos. (TJX) Tops Q3 EPS by 2c, Comps Increase 4%, Offers Guidance
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The TJX Companies, Inc. Reports Q3 FY20 Results Well Above Guidance With Comp Sales Growth of 4% and EPS of $.68; Raises Full-Year EPS Guidance
November 19, 2019 8:30 AM ESTConsolidated comp store sales increase of 4%, well above the Companys guidance and over last years 7% increase Customer traffic was the primary driver of the comp store sales increase at all four major divisions Net sales increased 6% to $10.5 billion Diluted EPS of $.68, well above the Companys guidance Increased full-year Fiscal 2020 EPS guidance Returned $778 million to shareholders in the third quarter through share repurchases and dividends Completed investment of $225 million for a 25% ownership stake in privately held Familia, Russias only major off-price apparel and home... More
