TJX Reports Strong Second Quarter

TJX Companies TJX today announced sales and earnings results for the second quarter ended July 31, 2010. Net sales for the second quarter of Fiscal 2011 increased 7% to $5.1 billion and consolidated comparable store sales increased 3% over last year. Net income for the second quarter was $305 million, and diluted earnings per share were $.74, compared with $.61 per share last year. For the first half of Fiscal 2011, net sales were $10.1 billion, an 11% increase over last year, and consolidated comparable store sales increased 6% over the prior year. Net income was $636 million, and diluted earnings per share were $1.54 compared to $1.09 in the same period last year.