Net sales for the second quarter at The TJX Cos. Inc. increased 8 percent to $5.5 billion, the company said Tuesday. Comparable-store sales for the quarter, ended July 30, grew 4 percent. Net income was $348 million and diluted earnings per share were 90 cents, compared with 74 cents per share last year.
The off-price retailer said last year’s second quarter included a positive impact from a nonoperating item. Without the item, diluted EPS for the second quarter increased 23 percent over the prior year’s 73 cents adjusted diluted EPS, exceeding the high end of TJX’s already raised expectations.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"