The TJX Companies, Inc. saw net sales from continuing operations for the first quarter increase 6% to $4.1 billion, while consolidated comparable store sales increased 2% over last year. Income from continuing operations for the first quarter was $162 million, and diluted earnings per share from continuing operations were 34 cents.
The picture at the companys Bob's Stores concept was not quite as bright, however, as comparable store sales decreased 1% after increasing 2% last year. Net sales increased 1.6% to $64 million from $63 million in the year-ago quarter, but the division posted a widened operating loss for the quarter of $6.6 million, slipping from $6.2 million last year.