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TJX Cos. Inc. keeps the momentum going
Strong traffic continues to boost sales and profit at TJX Cos. Inc., which raised its annual guidance after reporting that earnings rose 4.5% in the first quarter.
The off-price retailer said that net sales for the first quarter ended May 2 increased 6% to $6.9 billion, and same store sales increased 5%. Net income for the first quarter was $475 million, and diluted earnings per share were 69 cents, an 8% increase over the prior year.
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Dick’s Sporting Goods connects with Q1 profit, sales; plans 60 new stores
Pittsburgh – Dick’s Sporting Goods Inc. met Wall Street expectations with net income of $63.34 million in the first quarter of fiscal 2015, a 9% decrease from $69.99 million the same period a year earlier. The retailer also met the Street with consolidated net sales of $1.56 billion, a 9% increase from $1.34 billion.
However, same-store sales growth of 1% fell short of Wall Street predictions. Rising selling, general and administrative (SG&A) and pre-opening expenses dug into Dick’s profit.

