Why TJX Companies Stock Floated Higher Today
TJX Companies (NYSE: TJX) published its latest set of quarterly earnings on Wednesday, which were sufficient to push the retailer's stock higher. Although the company beat the consensus analyst estimates for both sales and profitability, its guidance left something to be desired.
In its third quarter of fiscal 2026, TJX's net sales totaled $15.1 billion, representing a 7% year-over-year increase. That was on the back of a 5% rise in comparable sales over the period. Net income according to generally accepted accounting principles (GAAP) grew by 11% to over $1.4 billion, or $1.28 per share.
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Source Fool.com
