To: Jenna who wrote (25924 ) 3/3/1999 11:50:00 AM From: Jenna Read Replies (1) | Respond to of 120523
TJX.. + 1 7/16 another breakout gang, this one was a picture perfect earnings play. in at 27 7/16 (called it) price now is 32 5/16 Wednesday March 3, 10:29 am Eastern Time The TJX Companies, Inc. Reports Record 1998 Sales and Profits FRAMINGHAM, Mass.--(BUSINESS WIRE)--March 3, 1999--The TJX Companies, Inc. (NYSE:TJX - news), the largest off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced record sales and profits for the fiscal year ended January 30, 1999. For the 52-week fiscal year, diluted earnings per share from continuing operations were $1.29, a 47% increase over $.88 per share for the previous 53-week year. Prior year earnings per share data have been adjusted to reflect the June 1998 stock split. Income from continuing operations for fiscal 1999 reached $433 million versus $307 million in the prior year. Net sales for fiscal 1999 were $7.9 billion, up 9% on a comparable 52-week basis over the previous year. For the fiscal 1999 13-week fourth quarter, diluted earnings per share from continuing operations were $.39, up 34% over last years 14-week fourth quarter earnings of $.29 per share. Income from continuing operations in the fourth quarter was $127 million versus $99 million last year. Net sales for the fiscal 1999 fourth quarter were $2.3 billion, up 9% on a comparable 13-week basis over last year. Net income for fiscal 1999 was $424 million, after a $9 million charge for estimated liabilities associated with discontinued operations. This compares to net income for fiscal 1998 of $305 million, after an extraordinary charge of $2 million for the early retirement and replacement of a revolving credit line. Bernard Cammarata, President and Chief Executive