Can TJX Companies Turn Things Around Next Week?
TJX Companies (NYSE: TJX) is set to announce its latest earnings results in a few days, and investors are bracing for some bad news in that report. Sure, the off-price apparel and home goods specialist is back to setting sales records, and has resumed its dividend payment following slumping sales in the earlier phases of the pandemic.
But there are concerns around how well the business can hold up as consumer spending shifts away from home goods products. TJX might also face big challenges tied to inflation and supply-chain issues as it approaches the spring selling season.
With that big picture in mind, let's look at the prospects for a turnaround for the business that might start showing up in the Wednesday morning earnings report.
Source Fool.com
