Stifel Keeps TJX Cos. (TJX) at 'Buy' Following Solid Q1 Results, Boosted Outlook
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The TJX Companies, Inc. Reports Above-Plan Q1 FY17 Results with 7% Comp Sales Growth and 10% Increase in Earnings Per Share; Raises Full Year EPS and Comp Guidance
May 17, 2016 8:35 AM EDTFRAMINGHAM, Mass.--(BUSINESS WIRE)-- The TJX Companies, Inc. (NYSE: TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, today announced sales and earnings results for the first quarter ended April 30, 2016. Net sales for the first quarter of Fiscal 2017 increased 10% to $7.5 billion and consolidated comparable store sales increased 7% over last years 5% increase. Net income for the first quarter was $508 million and diluted earnings per share were $.76, a 10% increase over the prior years $.69.
Ernie Herrman, Chief Executive Officer and President of The TJX Companies,... More
