(Tiper Stock Exchange) – TJ extension Companiesholding company listed on the NYSE at the head of discount chain branded TJ Maxx, revised upwards its earnings forecasts for the current year, thanks to a better-than-expected second quarter. A second quarter that saw sales accelerate thanks to the discounts practiced by the discount chain, in a phase in which consumers, affected by the effects of inflation, went in search of cheap opportunities.
The sales net are so splashed a $12.8 billion, up 8% compared to the same period of the previous year, while overall sales on a like-for-like basis increased by 6%. Net profit was 1 billion And $0.85 diluted EPSup 23% from $0.69 a year earlier.
TJX Companies therefore has improved its estimates for EPS diluted adjusted for the current year at $3.56-3.62, versus a previous estimate of $3.39-3.48. Consensus estimates signaled an EPS of $3.58.