TJX Reports December Sales Uptick
The TJX Cos., the Framingham-based clothing and home fashions retailer, reported December sales increased 21 percent to $2.9 billion compared to a year earlier.
Sales increased 8 percent in the 48 weeks ending in January to $19 billion, compared to $17.7 billion in sales the same time period last year. Comparable store sales increased 14 percent in December compared to a year earlier.
With the news the company also updated diluted earnings projections for the fourth quarter to increase more than 40 percent to between $0.82 and $0.84 per share compared to the $0.58 per share in last year's fourth quarter. The company did have an extra week in the quarter last fiscal year.
TJX also announced plans to repurchase between $900 million and $1 billion in TJX stock in fiscal 2010.
TJX operates 891 T.J. Maxx stores, 822 Marshalls stores, 325 HomeGoods stores and 150 A.J. Wright stores.
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