TJX reports flat same-store sales in hurricane-hit Q3

Earnings Reuters

(Reuters)

Nov 14 (Reuters) - TJX Cos Inc disappointed with flat third-quarter same-store sales, blaming the impact of hurricanes in the United States and unseasonably warmer weather that dampened sales of cold weather apparel at its Marmaxx stores.

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Shoppers seeking the bargain deals which are the company's hallmark drove sales higher by 6 percent to $8.8 billion in the third quarter.

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TJX's comparable store sales, however, were flat in the third quarter, missing the 2.2 percent rise expected by analysts, according to Thomson Reuters I/B/E/S .

The Framingham, Massachusetts-based company's net income rose to $641.44 million, or $1 per share in the third quarter ended Oct. 28, from $550 million, or 83 cents per share, a year earlier.

(Reporting by Gayathree Ganesan in Bengaluru;Editing by Arun Koyyur and Patrick Graham)

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