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BRIEF-TJX Cos says it expects to add about 250 net new stores in 2018
February 22, 2017 / 5:09 PM / 10 months ago

BRIEF-TJX Cos says it expects to add about 250 net new stores in 2018

Feb 22 (Reuters) - TJX Companies Inc

* TJX Cos - Q4 EPS growth negatively impacted by 3 percent due to wage increases and 5 percent due to foreign currency and transactional foreign exchange -conf call

* TJX Cos - expects FY18 SG&A as a percentage of sales to be in the range of 17.6 percent to 17.7 percent versus 17.4 percent last year - conf call

* TJX Cos - Currently expects FY18 tax rate of 36.9 percent, net interest expense of $37 million - conf call

* TJX Cos - Expects FY18 comp growth of 1 percent to 2 percent on sales of $22.2 to $22.4 billion at Marmaxx unit - conf call

* TJX Cos - Expect FY18 comps to increase 2 percent to 3 percent on sales of $5.0 to $5.1 billion at HomeGoods unit - conf call

* TJX Cos - Expect FY18 comp increase of 2 percent to 3 percent on sales of $3.4 to $3.5 billion at TJX Canada division - conf call

* TJX Cos - Expects FY18 comp growth of 1 percent to 2 percent on sales of $4.5 to $4.6 billion at TJX International division - conf call

* TJX Cos - Expects to add about 250 net new stores or increase store growth by 7 percent in FY 2018 - conf call Further company coverage:

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