TJX Sales Up 9% For 2nd Quarter
The TJX Cos. reported a 9-percent increase in net sales for its most recent quarter, as well as a 24-percent jump in earnings per share, based on $421 million in net income.
For the first half of the Framingham-based discount retailer's 2013 fiscal year, which ended July 28, net sales rose 10 percent to $11.7 billion, while consolidated comparable store sales increase 8 percent. Comparable store sales increased across all of the company's divisions, led by a 10-percent jump in sales in Europe and 9 percent in its HomeGoods stores.
Carol Meyrowitz, TJX CEO, said the company is "extremely pleased" with the results and said TJX will raise its full-year guidance on sales and earnings to reflect the second-quarter numbers. "Customer traffic was up substantially at all divisions in the U.S., Canada and Europe and drove most of the comparable store sales increase, reflecting our on-point fashions and brands at great values," she said.
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