TJX Cos. Raises its Fiscal 2020 Outlook
21 5월 2019 - 10:31PM
Dow Jones News
By Aisha Al-Muslim
TJX Cos. (TJX) Tuesday said it raised its full-year earnings per
share outlook.
For the current fiscal year, ending Feb. 1, 2020, the
Framingham, Mass.-based company now expects per-share earnings of
$2.56 to $2.61, compared with its previous guidance of $2.55 to
$2.60.
The parent of TJ Maxx and HomeGoods also is now guiding earnings
per share to increase of 4% to 7% over the prior year's adjusted
$2.45, which excluded a pension settlement charge. The company has
previously expected earnings per share to increase 4% to 6%.
The guidance reflects the assumption of higher freight costs and
store wage increases will negatively impact earnings per share
growth by 3% to 4%. The estimated comparable store sales growth is
of 2% to 3% on a consolidated basis and at Marmaxx, the company
said.
For the second quarter, the company guided per-share earnings of
61 cents to 62 cents, compared with analysts' estimates of 62 cents
a share. The company also estimated comparable store sales growth
of 2% to 3% on a consolidated basis and at Marmaxx.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
May 21, 2019 09:16 ET (13:16 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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