TJX Companies (NYSE: TJX) reported strong third-quarter results in November, showcasing the success of its off-price retail model. The company experienced a 5% growth in comparable-store sales, surpassing analyst expectations of 3.7%, fueled by increased transaction volumes and basket sizes across all concepts, including TJ Maxx and Marshalls. Pretax profit margins rose to 12.7%, an increase of 40 basis points from the previous year, despite ongoing investments. Overall, TJX is performing exceptionally well across its operations.
Loading PerspectiveSplit analysis...
