TJX Companies stock gains after net and same-store sales beat expectations, while profit matched

Shares of TJX Companies TJX, -1.27% gained 0.8% in premarket trading Wednesday, after the off-price apparel and home fashions retailer reported fiscal fourth-quarter profit that matched expectations but sales that beat, as customer traffic increased and amid strength in its Marmaxx branded stores. Net income for the quarter to Jan. 28 rose to $1.04 billion, or 89 cents a share, from $940 million, or 78 cents a share, in the year-ago period.

Marmaxx same-store sales rose 7% to beat the FactSet consensus for 2.8% growth, while HomeGoods same-store sales decline of 7% beat expectations of a 9% decline. For the first quarter, the company expects EPS of 68 cents to 71 cents, below the current FactSet consensus of 74 cents, and same-store sales growth of 2% to 3% versus expectations of 2.3% growth. “During the year, our apparel businesses, including accessories, across the company were strong,” said Chief Executive Ernie Herrman.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Al Gore’s ‘eco-friendly’ investment firm owns shares in polluting companies: reportGeneration’s Global Equity fund includes 18 firms which emitted increasingly more greenhouse gases annually between 2015 and 2021. excelsior. You're saying that the man who invented the internet is a hypocrite? Looking for my 'shocked' expression. Climate hoax
Fuente: nypost - 🏆 91. / 67 Leer más »