TJX ramps up outlook

-- Home Textiles Today, 11/17/2009 11:37:00 AM

Framingham, Mass. – On the heels of its third-quarter profit surge, TJX Companies has 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%.