Aug 14 Discount retailer TJX Cos Inc,
owner of the Marshalls and T.J. Maxx chains, raised its
full-year profit forecast on a rise in its second-quarter sales
fueled by shoppers seeking inexpensive designer products.
The company now expects full-year earnings in the range of
$2.39 to $2.45 per share. Earlier this month, TJX raised its
full year profit forecast to a range of $2.38 to $2.44 per
TJX said it estimates a profit of 56 to 59 cents per share
for the current quarter, which includes the important
TJX, which also operates the T.K. Maxx chain in Europe,
reported net income of $421.1 million, or 56 cents per share for
the quarter ended July 28, up from $348.3 million, or 45 cents
per share a year earlier.
Revenue rose 9 percent to $5.95 billion in the quarter.