By  on May 22, 2018

Shares of The TJX Cos. Inc. rose 2.4 percent after the company posted first-quarter results and raised its full-year outlook.

Net income for the three months ended May 5 rose 33.6 percent to $716.4 million, or $1.13 a diluted share, from $536.3 million, or 82 cents, a year ago.  On an adjusted basis, diluted EPS was 96 cents. Net sales climbed 11.7 percent to $8.69 billion from $7.78 billion. The company said consolidated comparable-store sales rose 3 percent for the quarter. The retailer also said gross profit margin for the quarter was 28.9 percent, down 0.1 percentage point from the year ago quarter.

To continue reading this article...

load comments
blog comments powered by Disqus