TJX Companies Inc (TJX)

[MCArmel1]

TJX EPS and revenue in-line

Nov 18 2014, 08:51 ET | About: TJX Companies Inc. (TJX) | By: Mohit Manghnani, SA News Editor

TJX (NYSE:TJX): Q3 EPS of $0.85 in-line.
Revenue of $7.4B (+6.0% Y/Y) in-line.
Shares -2% PM.
Press Release

http://seekingalpha.com/news/2133805-tjx-eps-and-revenue-in-line?uprof=45#email_link


The TJX Companies, Inc. Reports Q3 FY15 Adjusted EPS Growth of 13% Over 21% Last Year; Updates Full Year EPS Guidance
Tue November 18, 2014 8:45 AM|Business Wire | About: TJX

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the third quarter ended November 1, 2014. Net sales for the third quarter of Fiscal 2015 increased 6% to $7.4 billion, and consolidated comparable store sales increased 2% over last years 5% increase. Net income for the third quarter was $595 million and diluted earnings per share were $.85 compared with last years $.86 per share, which included a tax benefit of $.11. Excluding this benefit, diluted earnings per share increased 13% on an adjusted basis over last years adjusted $.75 per share. The impact of foreign currency exchange rates to this years third quarter earnings per share was neutral versus the Companys expectation of a $.01 per share benefit.

For the first nine months of Fiscal 2015, net sales were $20.8 billion, a 6% increase over last year and consolidated comparable store sales increased 2% over last years 3% increase. Net income for the first nine months of Fiscal 2015 was $1.6 billion and diluted earnings per share were $2.22. Excluding a second quarter debt extinguishment charge, which rounded to a $.01 per share impact for the first nine months of Fiscal 2015, adjusted diluted earnings per share were $2.23, a 10% increase over last years adjusted $2.03, which excludes the third quarter tax benefit (referred to above) from reported diluted earnings per share of $2.14.

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http://seekingalpha.com/pr/11734445-the-tjx-companies-inc-reports-q3-fy15-adjusted-eps-growth-of-13-percent-over-21-percent-last-year-updates-full-year-eps-guidance