TJX Cos. June same-store sales up 5%; raises 2Q profit forecast

Thursday, July 10, 2008; Posted: 08:36 AM

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BOSTON, Jul 10, 2008 (Thomson Financial via COMTEX) -- TJX | Quote | Chart | News | PowerRating -- TJX Companies Inc. Thursday reported a 5% rise in June same-store sales, compared with an estimated 3.5% increase expected from a survey by Thomson Reuters.

Total sales for the five-week period climbed 9% to $1.8 billion from $1.7 billion a year earlier.

The Framingham, Mass.-based discount retailer raised its second-quarter earnings guidance to a range of 44 cents to 45 cents a share from a previous range of 40 cents to 42 cents a share. Analysts, on average, expect earnings of 42 cents a share.

Shares of TJX Companies closed Wednesday at $31.63. Casey Logan cl/vj

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