TJX reports 7 percent same-store sales rise for October
TJX Cos., the Framingham company that operates such retail chains as T.J.Maxx, Marshalls, and HomeGoods, said its same-store sales for October rose 7 percent and added it is raising its third-quarter and full-year guidance.
Same-store sales, or sales at stores open at least a year, are considered a strong indicator of a retailer’s performance.
“We believe the momentum we are seeing in all of our businesses, along with the exciting gift initiatives and marketing campaigns that we have planned, bode well for the holiday selling season,” TJX chief executive Carol Meyrowitz said in a statement.
In a press release, TJX added: “The company is raising its earnings per share guidance for the third quarter of Fiscal 2013 to be approximately $.61 and for the full year Fiscal 2013, to be in the range of $2.44 - $2.47. This guidance includes the previously discussed estimated $.02 per share non-cash, one-time charge in the company’s fiscal 2013 third quarter for the cumulative impact of a correction to its pension accrual for prior fiscal years.”Chris Reidy can be reached at firstname.lastname@example.org.