Tuesday, August 16, 2016

Off-pricer turns in another strong performance; continues to grow footprint

There was no stopping TJX Cos. in its second quarter. But it sounded a cautious note about its third quarter.
 
For the quarter ended July 30, TJX posted a profit of $562.2 million, better than analysts’ forecasts, up from $549.3 million in the year-ago period.
 
Revenue increased 7% to a better-than-expected $7.88 billion. Same-store sales rose 4%, above expectations for an increase of 2% to 3%.. . . more

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