TJX PROFIT BOOST: Off-price giant The TJX Cos. Inc. on Monday raised its third-quarter profit guidance for the second time in as many weeks and said October comparable-store sales would climb 9 percent to 11 percent. For the third quarter, profits from continuing operations are now expected to rise to 77 to 79 cents a diluted share. On Oct. 8, the company said earnings for the quarter would rise to 71 to 74 cents, and in August the projection was for earnings of 62 to 68 cents. Year-ago earnings tallied 58 cents.
This story first appeared in the October 20, 2009 issue of WWD. Subscribe Today.