Off-price giant shines in Q2; sees plenty of room for store growth
TJX Companies reported second-quarter revenue and earnings that beat the Street, fueled by strong traffic across all its brands.
Total sales rose 6% to $8.36 billion, beating analysts' estimates of $8.29 billion, in the quarter ended July 29. Same-store sales rose 3% for the quarter, also better than expected. By brand, same-store rose 7% at Home Goods and TJX Canada; 2% at Marmaxx (TJ Maxx and Marshalls); and 1% at TJX International.