TJX Companies lower after earnings miss

|About: TJX Companies Inc. (TJX)|By:, SA News Editor

TJX Companies (TJX) reports comparable-store sales rose 1% in FQ1.

Segment revenue growth: Marmaxx +2.4% to $4.23B; HomeGoods +9.9% to $757M; TJX Canada -5.7% to $608M; TJX Europe +24% to $890M.

Inventory on a per-store basis ended the quarter flat compared to a year ago.

The company's sales were lighter than analysts expected even after factoring in wide weather disruptions. Pricing, traffic, and mix all played a factor.

TJX -4.2% premarket