TJX holiday quarter same-stores sales beat estimates

February 27, 2019

(Reuters) – Off-price apparel retailer TJX Cos Inc reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season.

TJX reported a 6 percent rise in comparable-store sales, beating analysts’ average estimate of a 3.54 percent rise, according to IBES data from Refinitiv.

Net sales rose to $11.13 billion from $10.96 billion.

(Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

Comments (No)

Leave a Reply