TJX announced its financial results

USA: TJX Companies Inc., has announced its financial results for the fourth quarter and fiscal year ended January 28, 2017. Net sales for the fourth quarter increased 6 per cent to US $ 9.5 billion, over an 8 per cent increase last year. Consolidated comparable store sales for the fourth quarter increased 3 per cent, over last year’s 6 per cent increase. Net income for the fourth quarter was US $ 678. During the fiscal year ended January 28, 2017, net sales were US $ 33.2 billion, a 7 per cent increase over last year’s 6 per cent increase. Consolidated comparable store sales increased a strong 5 per cent, over last year’s 5 per cent increase. Net income for the fiscal year totalled US $ 2.3 billion.