UPDATE: TJX Cos. (TJX) Tops Q3 EPS by 2c; Comps Outpace

TJX Cos. (NYSE: TJX) reported Q3 EPS of $0.86, $0.02 better than the analyst estimate of $0.84. Revenue for the quarter came in at $7.8 billion versus the consensus estimate of $7.73 billion.

Comps rose 5 percent, versus estimates of a 3.9 percent increase.

Guidance:

TJX Cos. sees Q4 2015 EPS of $0.91-$0.93, versus the consensus of $0.98.

The company sees FY16 EPS of $3.26 - $3.28, with the consensus at $3.31. his guidance for EPS growth reflects a 9% negative impact from the same factors affecting estimated EPS growth in the fourth quarter, detailed above. This guidance also now reflects a $.02 to $.03 negative impact to EPS from the acquisition of Trade Secret, which was not contemplated in the Company’s prior guidance. This EPS outlook is now based upon a raised estimate of consolidated comparable store sales growth of 4% to 5%.

For earnings history and earnings-related data on TJX Cos. (TJX) click here.

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