TJX Grows Revenue, Profits In Fiscal ‘13
Framingham-based off-price clothing and home fashions retailer TJX Corp. ended its 2013 fiscal year with an additional $2.7 billion in sales, an increase of 11.6 percent compared to last year.
Sales for the year were $25.9 billion. Profits rose more than 27 percent to $1.9 billion.
The fourth quarter helped drive the annual revenue gains. Sales were up over $1 billion, or 15 percent, to $7.7 billion for the quarter, while profits climbed 27 percent to $129.5 million.
TJX opened a net of 145 new stores during the year, ending the year with 3,050.
The company expects diluted earnings per share for fiscal 2014 to be in the range of $2.66 to $2.78 compared to $2.55 for fiscal 2013.
TJX said it would increase its dividend to 14.5 cents per share and that it would also discontinue its monthly earnings releases in the year ahead.
Read more
WBJ Web Partners
Most Recent
Most Recent
0 Comments