Off-price apparel retailer TJX raises Q4 & full year outlook

12 Feb '09

4 min read

The Company now expects reported diluted earnings per share from continuing operations for the full Fiscal 2009 year to be in the range of $2.02 to $2.03. This anticipated range includes a net $.06 per share positive impact of non-operating items, including the $.02 per share tax-related benefit (detailed in the Q1FY09 Form 10-Q), the $.01 per share third quarter benefit due to a reduction in the reserve related to the previously announced computer intrusion(s) (detailed in the Q3FY09 Form 10-Q), as well as the anticipated fourth quarter $.03 per share benefit related to the computer intrusion(s) reserve referred to in the above paragraph.

Excluding the net $.06 per share benefit of these non-operating items, the Company now expects adjusted diluted earnings per share from continuing operations for the full Fiscal 2009 year to be in the range of $1.96 to $1.97, at the high end of the Company's previous guidance. This range also includes an expected $.09 per share benefit from the 53rd week in the Company's Fiscal 2009 calendar and a net $.07 per share negative impact from foreign currency exchange rates.

TJX Companies Inc

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