TJX
TJX Cos. says second-quarter profit more than tripled from a year ago as the apparel discount retailer benefits from shoppers looking for cheaper alternatives. The retailer has also raised its earnings outlook.
The retailer said Tuesday that it earned $200.2 million, or 45 cents per share, compared with $59 million or 13 cents per share, in the year-ago period. Revenue increased 7% to $4.6 billion from $4.3 billion cash advance loan.
TJX Cos (TJX, Fortune 500).’s fiscal 2008 results includes an impairment charge of $10 million, after tax, or 2 cents per share related to its Bob Stores division.