TJX Posts Jump in 1Q Profit, Sales
18 5월 2022 - 9:47PM
Dow Jones News
By Dean Seal
TJX Cos. said its profit climbed 10% in the first quarter as the
off-price apparel and home fashions retailer raised its margins
against a 13% increase in total sales.
The operator of brands including TJ Maxx and Marshalls said net
income for the quarter ended April 30 was $587.5 million, compared
with $533.9 million in the same period a year earlier. Earnings
were 49 cents a share, up from 44 cents a share last year.
Stripping out one-time items, adjusted earnings were 68 cents a
share. Analysts polled by FactSet had been expecting 60 cents a
share.
Sales for the quarter were $11.41 billion, up from $10.09
billion in the first quarter of 2021 but below its own projection
as well as the Wall Street estimate of $11.6 billion, according to
FactSet. The company said same-store sales were roughly flat for
the quarter, with its brand Marmaxx seeing a 3% gain while
HomeGoods sales dropped 7%.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
May 18, 2022 08:32 ET (12:32 GMT)
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TJX Companies (NYSE:TJX)
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