TJX Q4 tops expectations as profit and sales climb

TJX reported net sales of $17.74bn over the three months to 31 January, up 9% year-on-year, with comparable sales rising 5%. Net income in Q4 improved to $1.77bn from $1.40bn the year before, whilst adjusted diluted earnings per share were $1.43, up 16% versus last year and well above the company’s plan. Gross profit margin for the quarter was 30.9%, up 0.4 percentage points versus last year’s 30.5%. However, net interest income negatively impacted Q4’s pretax profit margin by 0.1 percentage point vers ...