TJX - Why Off-Price Retailer TJX Companies' Stock Is Sliding Today | Benzinga
TJX Companies Inc (NYSE: TJX) reported third-quarter FY24 sales growth of 9% year-on-year to $13.3 billion, beating the analyst consensus estimate of $13.08 billion.
Overall comparable store sales increased 6% versus last year, with Marmaxx store sales rising 7% and HomeGoods climbing 9%.
Gross profit margin for the quarter expanded 200 basis points to 31.1%. The pretax margin for the quarter was 12% versus 11.2% last year.
Selling, general and administrative (SG&A) costs as a percent of sales were 19.4%, a 1.4 percentage point increase Y/Y ...