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TJX Raises Global Store Target to 7,500 as Second-Quarter Margins Climb

TJX Companies logoTJX Companies
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TJX reported second-quarter net sales of $15.2B, up 5%, with net income rising to $1.520B. Pre-tax profit margin climbed to 13.3% and diluted EPS improved to $1.36. Comparable sales grew 4%, store count and selling square footage increased about 3%, and the company returned $1.3B to shareholders through repurchases and dividends. It also updated its global store target to 7,500.

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