The TJX Companies sales grows 8% to $16.1bn in 2005
22 Feb '06
3 min read
For the fiscal year ended January 27th 2007, the company expects earnings per share in the range of $1.42 to $1.46, which represents a 10 percent to 13 percent increase over the pro forma $1.29 per share earned in Fiscal 2006, excluding one-time items. This is based upon estimated consolidated comparable store sales growth in the 2 percent to 3 percent range.
For the first quarter of fiscal 2007, the company expects earnings per share in the range of $.31 to $.33, versus $.28 per share in the prior year, which is based upon estimated consolidated comparable store sales growth in the 2 percent to 3 percent range.
During the fiscal year ended January 28th 2006, the company added a total of 157 stores, net of closings, to end the year with 2,381 stores, and increased square footage by 8 percent over the same period last year. In the fourth quarter, the company added a net 10 stores.
The TJX Companies Inc is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. It operates 799 T.J. Maxx, 715 Marshalls, 251 HomeGoods and 152 A.J. Wright stores, as well as 35 Bob's Stores, in the United States.
In Canada, the company operates 174 Winners and 58 HomeSense stores, and in Europe, 197 T.K. Maxx stores.
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