TJX drops despite top- and bottom-line earnings beat
TJX Companies is down more than 3.5% despite reporting a top- and bottom-line beat, while same-store sales growth at Marshalls and T.J. Maxx disappointed and current-quarter guidance is described as “light.”
TJX Club name TJX Companies is down over 3.5% despite a top and bottom line beat.
Same-store sales growth at its Marshalls and T.J.
Maxx division was disappointing, though the market was pricing some of that into the stock.
Rest of the business looks great.
Current quarter guidance is Light, but we know this management team is conservative.
Accelerating new store openings is bullish on the future. - per Cramer Investing Club Newsletter