TJX Sales Up In April
Sales at the stores of Framingham-based TJX Cos. continued to rise in April, as the company reported a sales increase of 9 percent over last year, to $2 billion.
Through the end of April, sales for the year were $6.2 billion, up 7 percent from 2012.
Same-store sales were up 8 percent for the month, reaching the high end of the company's expectations, and 2 percent for the year.
CEO Carol Meyrowitz said strong sales and margins led the parent company of T.J. Maxx, Marshalls and HomeGoods to narrow its first-quarter earnings expectations to 61 to 62 cents per share.
"This would represent a very solid increase over last year's first quarter, which had the highest (earnings per share) growth of that year," Meyrowitz added. Earnings for the first quarter of last year were 55 cents per share.
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