TJX Cos: Q1 EPS up 17%

(CercleFinance.com) - TJX Companies has unveiled Q1 EPS that is up 17% at 96 cents, excluding a positive effect of 17 cents stemming from the tax reform at the end of last year.


The retail chain saw its revenues increase by 12% to 8.7 billion dollars for the quarter ended 5 May, including a 3% increase in sales on a like-for-like basis (after +1% a year ago) .

Reflecting this robust first quarter, the Framingham (Massachusetts)-based group has raised the top of its FY adjusted EPS target range by two cents, now expecting between 4.04 dollars and 4.10 dollars.


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