TJX Cos. (TJX) Tops Q1 EPS by 2c, Comps Increase 5%, Offers Guidance
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The TJX Companies, Inc. Reports Above-Plan Q1 FY16 Results with 5% Comp Sales Growth and 8% Increase in Earnings Per Share; Raises Full Year EPS and Comp Guidance
May 19, 2015 8:39 AM EDTFRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the first quarter ended May 2, 2015. Net sales for the first quarter of Fiscal 2016 increased 6% to $6.9 billion, and consolidated comparable store sales increased 5%. Net income for the first quarter was $475 million, and diluted earnings per share were $.69, an 8% increase over the prior year.
Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, We are extremely pleased with our continued momentum... More
