T.J. Maxx parent's stock gains as increased demand led to broad sales growth

Dow Jones

Feb 26, 2025

MW T.J. Maxx parent's stock gains as increased demand led to broad sales growth

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.

This is breaking news. Check back for updates.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 26, 2025 07:52 ET (12:52 GMT)

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 07:52 ET (12:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TJX","symbol_name":"The TJX Companies Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514325838","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514325838","pubTimestamp":1740574320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of TJX Companies Inc.  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. 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