By Aisha Al-Muslim

 

TJX Cos.(TJX) Tuesday said customer traffic was the primary driver of its same-store sales increase and was up at all four of its major divisions.

The Framingham, Mass.-based company said Tuesday its first-quarter profit was $700.2 million, or 57 cents a share, compared to $716.4 million, or 56 cents a share, a year earlier. Analysts polled by Refinitiv were looking for 55 cents a share.

Sales for the parent of TJ Maxx and HomeGoods rose 7% to $9.28 billion, above the consensus forecast of $9.22 billion.

Same-store sales increased 5%, above the 3.6% FactSet estimate.

 

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

 

(END) Dow Jones Newswires

May 21, 2019 08:57 ET (12:57 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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