TJX's Strong Holiday Sales, Despite Lower Forecast

TJX Companies, parent of TJ Maxx and Marshalls, kickstarts holiday shopping with robust third-quarter results, reporting a 7% sales increase and a 10% net income boost. Despite slightly lower-than-expected holiday quarter forecasts, the company raised its full-year outlook, projecting a 4% comparable sales growth and higher earnings per share. This performance underscores the off-price retail sectors resilience amidst economic uncertainty and increased consumer demand for deals.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.