TJX TJX Companies Inc

By Kimberly Chin

TJX Cos.(TJX) said profit rose in the second fiscal quarter, in line with analysts' estimates, as increased customer traffic drove same-store sales higher.

The Framingham, Mass.-based company said second-quarter net income rose to $759 million, or 62 cents a share, from $739.6 million, or 58 cents a share, in the prior-year period. Analysts polled by FactSet were expecting earnings of 62 cents a share.

Net interest expenses fell 4.4% from the comparable quarter a year ago.

Sales for the parent of TJ Maxx and HomeGoods rose 4.8% to $9.78 billion, below the consensus forecast of $9.9 billion.

Same-store sales increased 2%, behind analysts' expectations of a 3.1% rise.

Shares of TJX fell 2.7% premarket.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

August 20, 2019 09:03 ET (13:03 GMT)

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