TJX Companies, Inc. (TJX: Quote) said sales for the four-week period ended May 26, 2012 improved 10% to $1.9 billion from $1.7 billion in the four-week period ended May 28, 2011. Consolidated comparable store sales for the four-week period ended May 26, 2012 rose 8% over prior year.
For the 17-week period ended May 26, 2012, sales grew 11% to $7.7 billion from $6.9 billion in the year-ago period. Consolidated comparable store sales for the period increased 8% over the same period last year.
Carol Meyrowitz, chief executive officer of TJX, said, "We now expect second quarter earnings per share to be at the high end of our previously estimated range of $0.47 - $0.50."
Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.
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by RTT Staff Writer
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