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TJX Cos: full-year outlook raised

(CercleFinance.com) - On announcing its quarterly results, TJX Companies has raised its annual pre-tax profit margin and EPS guidance to around 11.
2% and to between $4.09 and $4.13, respectively.

For its Q2, the low-cost apparel and home fashion retailer posted EPS that is up 13% to $0.96, with a pre-tax profit margin that rose up 0.5 point to 10.9%, well ahead of its targets.

Sales rose 6% to $13.5bn, with a 4% increase on a same-store basis, an increase above the company's plan, and entirely driven by an increase in customer transactions.


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