TJX Companies Raises Full Year Guidance - Quick Facts

(RTTNews) - The TJX Companies, Inc. (TJX) announced for the fiscal year ending January 28, 2017, the company now expects earnings per share to be in the range of $3.39 to $3.43. The EPS outlook is now based upon a raised estimate of consolidated comparable store sales growth of 3% to 4%. In May, the company projected fiscal 2017 earnings in a range of $3.35 to $3.42 per share, based on an estimate of consolidated comparable store sales growth of 2 percent to 3 percent. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.48. Analysts' estimates typically exclude special items.

For the third quarter of Fiscal 2017, the company expects earnings per share to be in the range of $0.83 to $0.85. The EPS outlook is based upon estimated consolidated comparable store sales growth of 2% to 3%. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.90.

Net sales for the second quarter of Fiscal 2017 increased 7% to $7.9 billion and consolidated comparable store sales increased 4%. Net income for the second quarter was $562 million and earnings per share were $0.84, a 5% increase over the prior year's $0.80.