TJX Cos. Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 92 cents per share, compared with the S&P Capital IQ consensus estimate of 90 cents per share.
EPS climbed 13.8% year over year from 81 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $643.5 million, a gain of 10.0% from $584.9 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin climbed to 7.7% from 7.5% in the year-earlier period.
Total revenue rose 6.3% year over year to $8.30 billion from $7.81 billion, and total operating expenses rose 5.8% from the prior-year period to $7.27 billion from $6.87 billion.
Reported net income grew 12.4% year over year to $648.6 million, or 93 cents per share, from $577.0 million, or 80 cents per share.
For the year, the company's normalized net income totaled $3.17 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.15.
EPS rose 10.9% from $2.86 in the prior year.
Normalized net income was $2.23 billion, an increase of 7.4% from $2.07 billion in the prior year.
Full-year total revenue rose 6.0% on an annual basis to $29.08 billion from $27.42 billion, and total operating expenses rose 5.8% on an annual basis to $25.47 billion from $24.07 billion.
The company said reported net income increased on an annual basis to $2.22 billion, or $3.15 per share, in the full year, from $2.14 billion, or $2.94 per share.
