TJX posts increase in Q2 earnings and comparable sales

The TJX Companies, Inc. has announced that net sales for the second quarter increased 5 percent to 9.8 billion dollars, while consolidated comparable store sales increased 2 percent, over last year’s 6 percent increase. First half net sales increased 6 percent to 19.1 billion dollars and comparable store sales increased 4 percent. Net income for the quarter was 759 million dollars and diluted earnings per share were 62 cents, up 7 percent versus the prior year’s 58 cents. Net income for the first half was 1.5 billion dollars and diluted earnings per share were 1.19 dollars, versus the prior year’s 1.15 dollars.