TJX Cos. Inc. said its normalized net income for the fiscal first quarter ended May 3 came to 64 cents per share, compared with the S&P Capital IQ consensus estimate of 67 cents per share.
EPS climbed year over year from 62 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $456.6 million, compared with $457.4 million in the year-earlier period.
The normalized profit margin fell to 7.0% from 7.4% in the year-earlier period.
Total revenue rose year over year to $6.49 billion from $6.19 billion, and total operating expenses grew 5.5% on an annual basis to $5.75 billion from $5.45 billion.
Reported net income totaled $456.3 million, or 64 cents per share, compared to $454.2 million, or 62 cents per share, in the year-earlier period.