- TJX Companies (NYSE:TJX) aims to increase revenue to over $40M as it leans on a bigger retail footprint to achieve the growth.
- The company sees expanding its store count to 5,650 locations from a current level of 3,675 stores.
- Shares of TJX are down 5% on the day due in part to full-year EPS guidance that arrived below consensus, although investors may be catching a good entry point. Edward Jones analyst Brian Yarbrough notes the retailer often under-promises and then over-delivers.
- Previously: TJX beats by $0.03, beats on revenue (Aug. 16)
- Previously: Same-store sales dazzle at TJX Companies while profit guidance lags (Aug. 16)