TJX Boosts Expectations

-- Home Textiles Today, 11/23/2009 12:00:00 AM

Framingham, Mass. —

On the heels of the third quarter profit surge, TJX Companies raised its outlook for the fourth quarter and the year.

The company now expects fourth quarter earnings per share from continuing operations from 65 cents to 71 cents, with comp growth of 5% to 7%.

For the fiscal year, the company is projecting earnings per share from continuing operations of $2.55 to $2.61 compared to last year’s EPS of $2.08. Comps are anticipated to rise 5%.