Why TJX Companies Stock Popped Today
Shares of TJX Companies (NYSE: TJX) were gaining today after the off-price retail giant posted better-than-expected numbers in its fourth-quarter earnings report. As a result, the stock was up 7.2% as of 1:20 p.m. EST on Wednesday.
TJX, the parent of T.J. Maxx, Marshalls, and Home Goods, said that comparable-store sales surged 6% in the key holiday quarter, primarily driven by increased customer traffic, and well above its own guidance at 2% to 3%. It also came after a 6% comps gain in the quarter a year ago, significantly outpacing its apparel retail peers.
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Source Fool.com
