TJX Companies (TJX) Reports $14.32B Revenue, Beats Earnings Estimates
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowThe TJX Companies, Inc. (TJX) reported fiscal first quarter earnings on May 20, showing $14.32 billion in revenue and $1.19 in earnings per share, surpassing analyst estimates of $14 billion and $1.02. The company’s shares have increased by 2% year-to-date and 20% over the past year. Additionally, TJX raised its fiscal year 2027 comparable sales growth forecast to 3%-4% from a previous estimate of 2%-3%. Following the earnings report, the stock closed 5.7% higher, and UBS reiterated a Buy rating with a $193 price target.
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About The TJX Companies Inc. (TJX)
TJX Companies is the leading off-price apparel and home-goods retailer, operating T.J. Maxx, Marshalls, and HomeGoods.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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