Wednesday, May 22, 2019

TJX Beats Q1 Earnings Estimate, Lifts Full-Year Guidance, Defying Retail Gloom

The Street
TJX Companies posted stronger-than-expected first quarter earnings Tuesday, while boosting its full-year profit guidance, following surprisingly solid same-store sales.

Group net revenues rose 7% to $9.28 billion, the company said, topping analysts' estimates of $9.21 billion as same-store sales at its TJMaxx and Marshall's and HomeGoods brands rose 5% from the same period last year, well ahead of the 3.4% forecast.. . . more