TJX reports rise in sales
The TJX Companies in Framingham release their Q3 results today, showing an 11 percent increase in sales over the same quarter last year, and a 50 percent increase in diluted earnings per share.
For the quarter ended October 28, 2006, sales were $4.5 billion, and consolidated comparable store sales increased 6 percent over last year. Net income for Q3 was noted at $231 million, with diluted earnings per share $.48, a 50 percent increase over last year's earnings of $.32 per share.
In the first nine months of fiscal 2007, net sales were $12.4 billion, representing a 9 percent increase over last year. Year-to-date consolidated store sales increased 4 percent over '05, and net income was $533 million. Diluted earnings per share were $1.12, a 37 percent increase over the $.82 per share recorded in the previous year on a reported basis.
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