Reported 2 days ago
Off-price retailer TJX reported stronger-than-expected quarterly sales, driven by consumer demand for discounted goods amid economic uncertainty and potential tariff impacts. The company maintained its fiscal forecasts with projected comparable sales growth of 2% to 3% as it seeks to navigate tariff-related costs through strategic pricing and sourcing. Despite a dip in shares, TJX's net sales for the first quarter reached $13.11 billion, exceeding estimates.
Source: YAHOO