Earnings roundup: TJX, Saks

Earnings roundup: TJX's 1Q net income rises; Saks' 1Q net income falls

Associated Press

Among the earnings stories for Tuesday, May 21, from AP Business News:

— The TJX Cos., the parent company of TJ Maxx and Marshalls clothing stores, said that its fiscal first-quarter net income rose 8 percent to match Wall Street predictions.

— Saks Inc., the luxury retailer, said that its net income fell 38 percent in the first quarter, but its adjusted results topped analysts' expectations and a key revenue metric climbed.

— Red Robin Gourmet Burgers Inc.'s fiscal first-quarter net income dropped 10 percent, hurt by lower customer traffic to its restaurants.

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