The TJX Companies, Inc. (NYSE:TJX), the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, announced sales and earnings results for the second quarter ended July 30, 2011. Net sales for the second quarter of Fiscal 2012 increased 8% to $5.5 billion and consolidated comparable store sales increased 4%. Net income for the second quarter was $348 million and diluted earnings per share were $.90, compared with $.74 per share last year. Last year's results included the positive impact from a non-operating item (detailed under "Items Impacting Comparability" below). Excluding this item, diluted earnings per share for the second quarter increased 23% over the prior year's $.73 adjusted diluted earnings per share.
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August 27th, 2011 at 10:38 am