TJX: Q1 revenues increase 7 percent, raises full year outlook

Net sales for the first quarter of fiscal 2020 at The TJX Companies, Inc. increased 7 percent to 9.3 billion dollars, while consolidated comparable store sales increased 5 percent over last year’s 3 percent increase. Net income for the first quarter was 700 million dollars and diluted earnings per share were 57 cents versus the prior year’s 56 cents.