TJX Cos Aktie News

The parent companies behind TJ Maxx and Ross Dress for Less are continuing to grow sales as inflation-weary consumers hunt for deals and become more comfortable with shopping at discounters. The two retailers beat quarterly revenue and earnings expectations and are poised to keep growing, even against tough comparisons.

Off-price retailers TJX Cos. and Ross Stores have piles of deals for bargain hunters.

The U.S. retail sector, recognized as the world's largest, has demonstrated remarkable resilience. It expanded by nearly 20% in 2021 with strong growth continuing into 2022.

TJX reports excellent, above plan results. Comparable store sales were up 3%, which were driven by an increase in customer transaction.

As consumers continue to spend cautiously, TJX is seeing bargain shoppers seek the surprise and delight of its stores' luck-of-the-draw format, bringing joy in a financially stressful time.

The TJX Companies, Inc. (NYSE:TJX ) Q1 2025 Results Conference Call May 22, 2024 11:00 AM ET Company Participants Ernie Herrman - Chief Executive Officer and President Deb McConnell - SVP, Global Communications John Klinger - EVP & CFO Conference Call Participants Matthew Boss - JPMorgan Lorraine Hutchinson - Bank of America Brooke Roach - Goldman Sachs Ike Boruchow - Wells Fargo Paul Lejuez - ...

TJX Companies NYSE: TJX industry-leading position in off-price retail and quality operations will soon lead its stock price to new heights. Like Walmart NYSE: WMT, TJX Companies benefits from the high inflation and interest rate environment because shoppers are still flush but turning more to value and opportunity than ever before.

TJX stock is higher Wednesday after the off-price retailer's beat-and-raise quarter. Here's what you need to know.