Business

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.

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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.

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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.
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