TJX Cos: increases annual targets further

(CercleFinance.com) - On its quarterly earnings call, TJX Companies announces that it has raised its full-year EPS and LFL sales growth targets to ranges of $3.
71 to $3.74 and 4% to 5% respectively.

For Q3, the clothing and home supplies distributor's EPS rose 20% to $1.03, with a pre-tax profit margin that is up 0.8 point to 12%, above its expectations.

Sales also beat expectations, rising 9% to $13.3bn, including a 6% LFL increase, which TJX solely attributes to better customer traffic.


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