The TJX Companies reports Q3 net sales rise of 6 percent

REPORT_ The TJX Companies announced sales and earnings results for the third quarter ended November 1, 2014 with net sales rise of 6 percent to 7.4 billion dollars, and consolidated comparable store sales increase of 2 percent over last year's 5 percent increase.

Commenting on the results, Carol Meyrowitz, Chief Executive Officer of The TJX Companies, stated, “I am very pleased with our third quarter performance. Our comp sales increase of 2 percent was at the high end of our plan against 5 percent growth last year, our strongest quarter of 2013. On an adjusted basis, we drove a 13 percent EPS increase over 21 percent growth last year. We are particularly pleased that customer traffic continued to gain momentum in the third quarter despite unusually warm weather, which we believe dampened sales throughout TJX Europe starting in September and hurt Marmaxx in October. Having said that, the fourth quarter is off to a very strong start.”