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TJX Companies rallies on strong first-quarter earnings

Posted May 19th 2009 5:40PM by Beth Gaston Moon (RSS feed)
Filed under: Earnings Reports, Good news

TJX Companies, Inc. (NYSE: TJX) -- parent of T.J. Maxx, Marshalls, Home Goods, and other stores in which budget-conscious fashionistas scramble for bargains -- demonstrated that it is budget-minded as well today when it reported its latest quarterly earnings figures.

The company's first-quarter profit rose 8% on a year-over-year basis to $209.2 million, or 49 cents per share. Overall sales ticked up 1% to $4.35 billion, while same-store sales rose 2%. Earnings numbers were roughly on par with Street estimates, while sales were slightly ahead of the mark -- analysts were expecting per-share results of 49 cents on $4.32 billion in sales.

Continue reading TJX Companies rallies on strong first-quarter earnings

TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright

Posted Nov 13th 2007 12:51PM by Beth Gaston Moon (RSS feed)
Filed under: Earnings Reports, Good news, Bad News, Technical Analysis

TJX Cos. (NYSE: TJX) - parent of the T.J. Maxx, HomeGoods, and Marshalls chains of discount retailers - said this morning that third-quarter profit jumped 13% to $249.5 million, or 54 cents per share. This figure was a penny shy of analysts' consensus estimate of 55 cents.

Revenue rose 6% during the 3-month reporting period to $4.74 billion from $4.47 billion in the year-ago period. Same-store sales jumped 3%. This headline number also failed to meet Street expectations of $4.79 billion.

Company president/CEO Carol Meyrowitz was quoted by Dow Jones as noting that while warm fall weather curbed demand slightly, "as the weather cooled towards the end of the quarter, we saw a strong surge in sales and demand for cold weather apparel."

Continue reading TJX Cos. 3Q earnings fall short of expectations, but future guidance looks bright