TJX Q3 net income rises 15%, maintains profit outlook
Framingham, Mass. -- TJX Cos. reported Tuesday that profit for the quarter ended Oct. 29 rose 15% to $406.5 million, from $372.3 million a year earlier.
Sales increased 5% to $5.79 billion from $5.53 billion, but missed analysts’ expected $5.84 billion. Same-store sales rose 3%.
During the quarter, the retailer increased its store count by a net of 52 stores and increased square footage by 1% over the same period last year.