TJX Cos. raises guidance again, says it expects a strong holiday as shoppers hunt for deals
Publishing timestamp: 2023-11-15 12:48:55
Summary
TJX Cos. raised its full-year guidance for the third time this year and expects a strong holiday shopping season. The off-price giant, which runs HomeGoods and Marshalls, posted quarterly results that beat Wall Street's estimates. TJX is taking market share from competitors as consumers look for deals amidst inflation concerns. The company's shares were down in midday trading, but have seen a significant increase year to date. TJX has been successful due to its wide array of premium, branded merchandise and low prices, attracting deal-hungry customers. The company expects the fourth quarter to be successful and is confident in its position as a shopping destination for holiday gifts.
Sentiment: POSITIVE
Keywords: macy's inc, retail industry, tjx companies inc, breaking news: earnings, business, breaking news: business, target corp, earnings, business news,
Source: https://www.cnbc.com/2023/11/15/tjx-companies-tjx-earnings-q3-2024.html