TJX Cos. profit surges 21% in Q2
Framingham, Mass. -- TJX Cos. reported Tuesday that net income for the quarter ended July 28 soared 20.9% to $421.1 million, up from $348.3 million and marking the discounter’s third consecutive quarter of rising profits.
Revenues beat projections by climbing 8.7% to $5.95 billion.
The owner of the Marshalls and T.J. Maxx chains raised its full-year profit forecast.