TJ Maxx parent beats quarterly sales estimates

Reuters

Wed, Feb 28, 2024, 7:33 AM

In this article:

Feb 28 (Reuters) - TJ Maxx parent TJX Cos topped market expectations for fourth-quarter sales on Wednesday as shoppers flocked to the off-price retailer's stores in search of holiday deals.

The company posted net sales of $16.41 billion for the three months to Feb. 3, compared with analysts' average estimate of $16.21 billion, according to LSEG data. (Reporting by Savyata Mishra and Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath)

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TJ Maxx parent beats quarterly sales estimates

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