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TJX: Adjusted 1Q earnings per share rose 41%

TJX Cos., the Framingham company that operates such retail chains as T.J. Maxx, Marshalls, and HomeGoods, said Tuesday that first-quarter net income was $419 million and diluted earnings per share were $.55.

For the quarter ending April 28, net sales increased 11 percent to $5.8 billion. At stores open for at least a year --- an important measure of a retailer’s performance --- sales increased 8 percent, TJX said in a press release.

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In a statement, TJX chief executive Carol Meyrowitz said, “We are extremely pleased that our strong momentum continued in the first quarter.”

Meyrowitz added that May is off to a “strong start” and she said that TJX is “excited about our prospects for the remainder of 2012 and beyond and our ability to continue achieving profitable growth and excellent financial returns in the short and long term!”

Chris Reidy can be reached at
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