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TJX affirms 3rd-quarter guidance



By AP
04 September 2008 @ 08:58 am EST

FRAMINGHAM, Mass. - The TJX Cos., which operates off-price retail stores including Marshalls, on Thursday reiterated third-quarter guidance after reporting same-store sales were flat in August.

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The company continues to expect third-quarter earnings to be between 59 cents and 62 cents per share, up from 54 cents per share in the prior year. Analysts polled by Thomson Reuters expect earnings of 62 cents per share.

Framingham, Mass.-based TJX also expects September same-store sales, or sales in stores open at least on year, will rise 2 percent to 3 percent.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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