February 21, 2007
TJX profit drops 28% during Q4
By Christina Davis
Framingham-based TJX Cos. reported that its profit for the fourth quarter dropped by more than 28 percent to $205.5 million, or 43 cents per share.
The retailer said its results included a 1 cent per share charge related to the data breach at the company that put at risk credit and debit card data of people who had shopped at its stores.
Additionally, the company took an 8 cent per share charge for the closure of 34 of its A.J. Wright stores.
Excluding that charge, income from continuing operations was $243.3 million, or 51 cents per share, compared with $287.4 million, or 59 cents per share, a year ago.
Sales for TJX were up, totaling $17.4 billion for the full year, a 9 percent increase.
The retailer said its results included a 1 cent per share charge related to the data breach at the company that put at risk credit and debit card data of people who had shopped at its stores.
Additionally, the company took an 8 cent per share charge for the closure of 34 of its A.J. Wright stores.
Excluding that charge, income from continuing operations was $243.3 million, or 51 cents per share, compared with $287.4 million, or 59 cents per share, a year ago.
Sales for TJX were up, totaling $17.4 billion for the full year, a 9 percent increase.
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