The TJX Companies booked higher sales during the second quarter, which an analyst said reflects the company taking full advantage of market conditions.

The off-price department store’s net sales increased 6 per cent year over year to $13.47 billion, with comparable store sales up 4 per cent. Net income grew 11 per cent to $1.1 billion.

In the US, Marmaxx’s sales climbed 7 per cent to $8.4 billion while HomeGoods jumped 4 per cent to $2.1 billion.

TJX Canada increased 2 per cent to $1.2 billion and TJX Europe and Australia rose 4 per cent to $1.7 billion.

“TJX continues to take full advantage of market conditions to capture a share of spending and generate growth,” said Neil Saunders, GlobalData MD.

“In many ways, this is TJX’s market to shine in as consumers migrate to retailers which allow them to stretch their dollars further.”

Saunders attributed the performance to the company’s product assortment and great deals.

The company expects consolidated comparable store sales growth of 2 per cent to 3 per cent for the fiscal third quarter and 3 per cent for the full fiscal year.