TJX Firing on All Cylinders

摘要

Off-price multi-nameplate retailer TJX Companies Inc. reported first-quarter results today it described as "the strongest in our history."rnFor the first quarter ended May 2, net sales increased 1% to $4.35 billion, and consolidated comparable-store sales increased 2% over last year.rnNet income from continuing operations for the period was $209 million, and diluted earn-rnings per share from continuing operations were 49 cents compared to 44 cents last year.rnFirst-quarter results included a 2 cent benefit from tax adjustments. Excluding last year's tax benefit, first quarter diluted earnings per share increased 17% over the adjusted 42 cents for the prior year.rnDuring the company's earnings call in late May, president and ceo Carol Meyrowitz reviewed each brand's performance.