By  on February 26, 2009

The TJX Cos. Inc. on Wednes­day reported a decline in fourth-quarter profits but finished the period ahead of Wall Street’s expectations.

Net income at the Framing­ham, Mass.-based off-pricer fell 16.8 percent in the three months ended Jan. 31 to $250.7 million, or 58 cents a diluted share, from $301.1 million, or 66 cents, last year. Sales in the three months declined less than 1 percent to $5.38 billion from $5.39 billion in the year-ago period. Eliminating currency translation and an extra week of selling last year, same-store sales declined 2 percent with the Marmaxx unit, including T.J. Maxx and Marshalls, down 3 percent.

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