Back to top

Analyst Blog

Consolidated same-store sales at The TJX Companies Inc. (TJX - Analyst Report), an off-price retailer of apparel and home fashions, climbed 6% year over year in the five-week period ended December 29, 2012, compared to the 8% increase in the year-ago period. Total sales went up 10% year over year for the aforementioned period to $3.6 billion. Comparable sales were once again driven by higher customer traffic.

As for the 48-week period ended December 29, 2012, comparable sales climbed 7% from the year-ago period. Total sales for the same period went up 10% year over year to $23.9 billion.

Comparable store sales exceeded management’s expectations of 2% on the back of strong performance across all stores in the U.S., Canada and Europe. Further, efficient choice of stocks at the stores improved customer traffic during the period.


Following strong sales in December, the company raised the fourth quarter fiscal 2013 earnings outlook to 77 cents-78 cents a share, up from the previously announced range of 72 cents to 75 cents. The improved earnings guidance reflects a 24%-26% increase from the year-ago quarter. For the full year, the company raised its guidance by 20% to the range of $2.50-$2.51 per share from the previously announced range of $2.45 to $2.48.

Our Recommendation

Currently, we have a Neutral recommendation on the stock. TJX, which closely competes with Kohl's Corporation (KSS - Analyst Report), holds a Zacks #2 Rank (short-term Buy rating).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.00 +3.09%
SANCHEZ ENE… SN 34.18 +2.67%
PANTRY INC PTRY 21.02 +2.09%
INTEL CORP INTC 35.15 +1.88%
PIPER JAFFR… PJC 54.54 +1.70%