November 17, 2015
TJX's Canadian strength leads to 5% sales jump
By Sam Bonacci
TJX announced a 5-percent gain in sales in the third quarter, with its Canadian division leading the way as the company continues to stress international expansion.
Net sales for the Framingham company were up 5 percent from the same quarter in 2015, climbing to $7.8 billion. Net income for the third quarter was $587 million and diluted earnings per share were 86 cents versus last year’s 85 cents.
The increases were driven by increased international sales despite a negative impact from foreign currency exchange rates. TJX Canada had a 10-percent increase in sales, compared to 3 percent while TJX Europe had a 7-percent sales increase compared to negative 1 percent in the third quarter of the previous year.
WBJ Web Partners
Most Recent
Most Recent
0 Comments