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TJX Companies Continue To Break Records

TJX Cos. Inc. is still setting records — even as the coronavirus plagues retail.  The off-price retailer, which operates T.J. Maxx, Marshalls, Marmaxx and HomeGoods, released quarterly earnings Wednesday before the bell, revealing more than $40 billion in annual sales, prompting the stock to jump more than 7 percent in premarket hours.  “We are extremely pleased with our strong fourth quarter results, as both sales and earnings per share significantly exceeded our expectations,” said Ernie Herrman, chief executive officer and president of the TJX Companies. “We saw strength across the company, with each major division delivering [comparble] sales growth of 4 percent or higher, all over strong increases last year and all primarily driven by customer traffic. Our exciting brands and gift-giving assortments at great values, supported by our marketing, attracted customers around the globe during the holiday season and beyond.  “We are also very proud to well surpass $40 billion in annual sales, a tremendous milestone for our company,” Herrman continued.   For the three-month period ended Feb. 1, net sales grew 10 percent to $12.2 billion, up from $11.1 billion the same time last year. Profits also increased to $984 million, up from $841 million during 2019’s fourth quarter. For the full 2020

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