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TJX Preview: Value Proposition Is Very Popular

By Brian Gilmartin

 About this article:
 The TJX Companies is scheduled to report fiscal third-quarter 2010 earnings on Tuesday, and analyst consensus is calling for 80 cents per share, for year-over-year growth of 37%, on $5.25 billion in revenue, for year-over-year growth of 10%. Overall October comps rose 10%, while the October comps for the combined TJ Maxx and Marshall's rose 12%. In the company's Nov. 5 press release, management raised guidance and told investors to expect third-quarter EPS to be at or slightly above the recently raised range of 77 cents to 79 cents, hence analysts have settled on a consensus of $0.80. No question the company's value proposition has been well-received as store traffic continues to account for the majority of the strong comps. TJX management says that the strong brands and great fashion are appealing to customers "across a wide range of customer demographic groups." One analyst model we reviewed in...

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