Shares of TJX Companies Inc. $(TJX)$ gained 1.3% in premarket trading Wednesday, after the discount apparel and home goods retailer reported broad sales strength that beat expectations as customer transactions increased.
The parent of T.J. Maxx and HomeGoods retail chains reported fiscal fourth-quarter comparable-store sales that rose 5% from a year ago, well above the average analyst estimate compiled by FactSet for 3.1% growth. All of the company's division saw sales growth that beat expectations.
Earnings per share for the quarter to Feb. 1 rose to $1.23 from $1.22 a year ago, and beat expectations of $1.16.
Looking ahead, the company expects full-year comparable-store sales, or sales of stores open at least a year, to rise 2% to 3%, but that's below the current FactSet consensus of a 3.4% rise.
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-Tomi Kilgore
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(END) Dow Jones Newswires
February 26, 2025 07:52 ET (12:52 GMT)
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