TJX same-store sales rose 3% in Oct.

TJX Cos., which operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, reported today that October same-store sales rose 3 percent from the same period a year ago.

The increase was at high end of the company’s expected range. Same-store sales, which are sales at stores open at least a year, are regarded as a key measure of a retailer’s health.

The increase in October same-store sales came despite unseasonably warm weather in some parts of the US and Canada. High temperatures hurt the sales of cold-weather apparel sales, said Framingham-based TJX, which also reaffirmed its third-quarter outlook.


“As previously stated, we expect third quarter earnings per share to be solidly in the middle of our range of $1.03 to $1.07, representing year-over-year growth of between 12 percent and 16 percent, TJX chief executive Carol Meyrowitz said in a statement. “We believe the momentum in our business across our chains bodes well for the holiday selling season and the fourth quarter.’’

Jump To Comments