Carol Meyrowitz, the outgoing chief executive of retail giant the TJX Cos. of Framingham, is poised to leave the company on an even higher note than before.
TJX beat stock analysts’ earnings expectations for a fourth straight quarter Tuesday, with net income of 86 cents per share edging out the average estimate of 84 cents in the three months ending Oct. 31. Meyrowitz will step down in January, before the company’s full-year results are released.
The parent of T.J. Maxx, Marshalls, and other stores said comparable-store sales grew 5 percent last quarter compared to 2 percent over the same period last year. TJX has more than 3,500 stores worldwide, including 35 stores it acquired in late October when it bought the Australian off-price retailer Trade Secret.
The strong earnings report caps a nine-year tenure for Meyrowitz. In that time, the retailer’s sales grew by two-thirds and its profits nearly tripled to $2.2 billion. Ernie Herrman, Meyrowitz’s No. 2, will take the reins in January 2016, the company said earlier this year.
TJX posted revenue of $7.75 billion in the period, also surpassing Wall Street forecasts. Ten analysts surveyed by Zacks Investment Research expected $7.68 billion.
Shares of TJX closed at $68.18 Tuesday, up 3.85 percent. The stock has climbed about 10 percent in the last 12 months.