Business

around the region

TJX earnings up 9%

Same-store sales rose 3 percent over last year at TJX, the owner of the T.J. Maxx chain.

Elise Amendola/Associated PRess

Same-store sales rose 3 percent over last year at TJX, the owner of the T.J. Maxx chain.

TJX Cos., the Framingham-based off-price retailer that operates such chains as T.J. Maxx, Marshalls, and HomeGoods, said Wednesday that fourth-quarter sales rose 1 percent to $7.8 billion while net income was $582 million.

That worked out to 81 cents a share versus 82 cents for the same quarter a year ago. Earnings per share increased 9 percent over last year’s adjusted 74 cents.

Advertisement

At stores open at least a year, a metric closely watched by retail analysts, sales were up 3 percent on a year-to-year basis. Much of the company’s merchandise is branded apparel and home fashions.

For the full fiscal year, sales were $27.4 billion, up 6 percent. Net income was $2.1 billion, and earnings per share were $2.94, a 15 percent increase over $2.55 last year, TJX said.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

Shares fell 70 cents, or 1.15 percent, to close at $60.29 on Wednesday.

Globe Staff

Chris Reidy can be reached at reidy@globe.com.
Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.