Nomura Securities Reiterates Buy on TJX Cos. (TJX) Following 2Q Report

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Go back to Nomura Securities Reiterates Buy on TJX Cos. (TJX) Following 2Q Report

The TJX Companies, Inc. Reports Above-Plan Q2 FY17 Results with 4% Comp Sales Growth and 5% Increase in Earnings Per Share; Raises Full Year Guidance

August 16, 2016 8:39 AM EDT

FRAMINGHAM, 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 second quarter ended July 30, 2016. Net sales for the second quarter of Fiscal 2017 increased 7% to $7.9 billion and consolidated comparable store sales increased 4% over last years 6% increase. Net income for the second quarter was $562 million and diluted earnings per share were $.84, a 5% increase over the prior years $.80.

For the first half of Fiscal 2017, net sales were $15.4 billion, an 8% increase over... More