TJX Companies Inc. (TJX) reported that its third-quarter net earnings were $347.80 million or $0.81 per share, compared to $235.85 million or $0.54 per share in the same quarter last year.
Net income from continuing operations for the third quarter was $348 million, and diluted earnings per share from continuing operations were $0.81, up 40% over $0.58 on a reported basis last year, despite the adverse impact of foreign exchange rates and a non-operating item on year-over-year comparisons. The prior year's third quarter results included a positive impact of $0.01 per share from a reduction in the Company's reserve related to the previously announced computer intrusion.
Excluding this non-operating item, third quarter fiscal 2010 earnings per share of $0.81 increased 42% over the adjusted $0.57 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.80 per share. Analysts' estimates typically exclude special items.
Net sales for the quarter were $5.24 billion, compared to $4.76 billion in the prior year quarter. Thirteen analysts had consensus revenue estimate of $5.25 billion for the quarter. consolidated comparable store sales for the quarter increased 7%.
The Company raised its fourth-quarter earnings per share from continuing operations outlook to a range of $0.65 - $0.71 per share, from the prior range of $0.60 - $0.66 per share. This range is based upon estimated comparable store sales growth of approximately 5% to 7%. Analysts expect the company to report earnings of $0.71 per share for the fourth-quarter.
For the full year fiscal 2010, the Company now expects earnings per share from continuing operations in the range of $2.55 to $2.61, compared to prior range of $2.46 - $2.54 per share. This outlook is based upon estimated consolidated comparable store sales growth of approximately 5% for the full year. Analysts expect the company to report earnings of $2.59 per share for fiscal 2010.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.