Off-price retailer TJX beats quarterly sales estimate

Reuters
05-21
Off-price retailer TJX beats quarterly sales estimate

May 21 (Reuters) - TJX Cos TJX.N beat Wall Street expectations for first-quarter sales on Wednesday, as shoppers looking for deals to save money in the face of growing economic uncertainties flocked to the stores of the off-price retailer.

Net sales at the TJ Maxx parent were at $13.11 billion for the quarter ended May 3, compared with analysts' average estimate of $13.01 billion, according to data compiled by LSEG.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Shilpi Majumdar)

((Neil.JKanatt@thomsonreuters.com))

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