TJX Companies lower after earnings miss

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

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs