TJX Companies, Inc. (JX) reported that consolidated comparable store sales for the four-week period ended May 4, 2013, increased 8%. Sales for the four-week period were $2.0 billion, up 9% over the $1.8 billion reported in the four-week period ended April 28, 2012.
For the 13-week period ended May 4, 2013, sales reached $6.2 billion, a 7% increase over the $5.8 billion reported in the 13-week period ended April 28, 2012. Consolidated comparable store sales for the period increased 2% over last year's reported 8% increase.
The company stated that customer traffic drove comp increases at all divisions, as consumers responded to its extremely fresh selections of branded spring apparel.
With strong sales and margins, the company now said it further narrowed its first quarter earnings per share guidance range to $0.61-$0.62. The company said in April that it narrowed the range of its earnings per share guidance to $0.60-$0.62. Analysts polled by Thomson Reuters expect the company to report earnings of $0.62 per share for the first-quarter. Analysts' estimates typically exclude special items.
For comments and feedback: editorial@rttnews.com