You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

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.

Continue reading below

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.

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

Chris Reidy can be reached at
Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of