TJX says January sales were above plan and raises 4Q and full-year outlook
TJX Cos., the Framingham retailer that operates such chains as T.J. Maxx, Marshalls, and HomeGoods, said Thursday that its same-store sales for January rose 3 percent on a year-to-year comparison basis.
Same-store sales, or sales at stores open at least a year, are considered a good indicator of a retailer’s performance.
In a statement, TJX chief executive Carol Meyrowitz said: “Customer traffic once again drove this month’s comp increases across the board, as consumers continue to be drawn to our great values on great fashions and brands. With strong sales and margins in January, we are once again raising our outlook for fourth quarter earnings per share to be approximately $.80-$.81, a 29 percent-31 percent increase over last year. For the full year, we are raising our guidance for earnings per share to be approximately $2.53-$2.54, which would represent 25-plus percent growth over the prior year for our $25 billion-plus company.”