Aug 21 (Reuters) - Off-price retailer TJX Cos Inc topped quarterly comparable-store sales estimates on Tuesday, as deep discounts helped drive more customers to its T.J. Maxx and Marshalls stores.
The company’s net income rose to $739.6 million, or $1.17 per share, in the second quarter ended Aug. 4, from $553 million, or 85 cents per share, a year earlier.
TJX reported a 6 percent rise in same-store sales, blowing past the 2.2 percent increase analysts had expected, according to Thomson Reuters I/B/E/S.
The Framingham, Massachusetts-based company said net sales rose to $9.33 billion from $8.36 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)