Shares of TJX Companies (TJX)
have been off to a good start in the new year. Shares of the
off-price apparel and home fashion retailer known for
Marshalls and HomeGoods have risen 5.0% so far this year. On
Thursday, the company reported strong sales results for December, prompting the
company to raise its full year outlook for the fiscal year of 2013.
Strong End To 2012
TJX reported strong December sales results. Sales for the five weeks ending on December 29, came in at $3.6 billion, up 10% on the year before. Sales were driven by a 6% increase in comparable sales. Analysts expected same store sales growth to come in at just 2.3% for the month.
For the 48 weeks ending at the same date, sales rose a similar 10% to $23.9 billion. For the same period, same store sales growth came in at 7%.
Strong End To 2012
TJX reported strong December sales results. Sales for the five weeks ending on December 29, came in at $3.6 billion, up 10% on the year before. Sales were driven by a 6% increase in comparable sales. Analysts expected same store sales growth to come in at just 2.3% for the month.
For the 48 weeks ending at the same date, sales rose a similar 10% to $23.9 billion. For the same period, same store sales growth came in at 7%.
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