TJX reports 3Q earnings growth

FRAMINGHAM, Mass. The TJX Companies announced that net sales for the third quarter of fiscal 2009 increased 2% to $4.8 billion, and consolidated comparable-store sales decreased 1% versus last year.

Net income from continuing operations for the third quarter was $254 million, and diluted earnings per share from continuing operations were 58 cents, compared with 54 cents last year.

Carol Meyrowitz, president and ceo of The TJX Companies, stated, "As we have often said, we are fortunate to have an extremely flexible business model which gives us the ability to navigate through difficult environments. Given the challenging times, we believe our results speak to our ability to hold our own in tough business cycles."