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Tuesday, Nov 13
2012, 8:55 AM
More on TJX Companies' (TJX) FQ3: The retailer cites broad gains across divisions as...
More on TJX Companies' (TJX) FQ3: The retailer cites broad gains across divisions as consolidated comparable store sales grew 7% during the quarter. By division, Marmaxx sales rose 7% Y/Y - while HomeGoods (+6%), TJX Europe (+11%), and TJX Canada (+4%) all posted gains as well. SG&A expenses as a percentage of sale rose 50 bps to 17%. The company added 76 stores during the quarter and saw square footage increase 2.2% Q/Q. Expects FQ4 EPS of $0.72-$0.75 and FY13 EPS of $2.45-$2.48. TJX +0.4% premarket. (PR)