TJX Companies raises full-year guidance, posts 5.6% sales gain for the most recent quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 72%

Retail Industry News

Business,Earnings,Breaking News: Earnings

TJX Companies has taken market share from competitors like Macy's and Target as price-sensitive consumers look for a deal amid persistent inflation.

TJX Companies beat Wall Street's expectations on the top and bottom lines as it raised its full-year guidance.

The company has been looking to continue its growth and announced it's taken a stake in a Dubai-based discounter.raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Starbucks, Chipotle, Eli Lilly, Target, TJX Companies, Coinbase and moreHere are the biggest calls on Wall Street on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »