Framingham-Based TJX Inc. Earned $7.4 Billion in Net Sales in 3rd Quarter

TJX Companies, headquartered in Framingham, reported profits of 85 cents per share, which matched Wall Street expectations.

TJX Companies, Inc., an off-price retailer of apparel and home fashions in the United States and worldwide, announced net sales for the third quarter of Fiscal 2015 increased 6 percent to $7.4 billion.

Net income for the third quarter was $595 million and diluted earnings per share were $.85 compared with last year’s $.86 per share, which included a tax benefit of $.11.

For the first nine months of Fiscal 2015, net sales were $20.8 billion, a percent increase over last year

Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc.,said in a statement, “I am very pleased with our third quarter performance. Our comp sales increase of 2 percent was at the high end of our plan against 5 percent growth last year, our strongest quarter of 2013. On an adjusted basis, we drove a 13 percent EPS increase over 21% growth last year. We are particularly pleased that customer traffic continued to gain momentum in the third quarter despite unusually warm weather, which we believe dampened sales throughout TJX Europe starting in September and hurt Marmaxx in October.”

Meyrowitz said “the fourth quarter is off to a very strong start. As we enter the holiday season, we believe our gift giving, marketing and values are the most exciting that we have offered our customers. We have many new in-store initiatives that we believe will both surprise and delight our customers. We remain very confident in the short- and long-term growth prospects for our business as we grow TJX to a $40 billion-plus company.”