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

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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.

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