TJX Posts Mixed Q1
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TJX Posts Mixed Q1

Apparel and home fashion products provider The TJX Companies (NYSE:TJX) has announced a mixed set of first quarter numbers with the topline rising 3.2% year-over-year to $11.78 billion but missing consensus estimates by about $40 million.

EPS at $0.76, on the other hand, landed past expectations by $0.04. During the quarter, overall comparable store sales rose 3% with Marmaxx comparable store sales rising 5% on the back of robust apparel and accessories sales.

Looking ahead, for the second quarter, comparable store sales growth is anticipated between 2% and 3%. EPS for the quarter is expected between $0.72 and $0.75. For full-year 2024, EPS is anticipated between $3.39 and $3.48.

Overall, the Street has a $90.18 consensus price target on TJX alongside a Strong Buy consensus rating. Shares of the company have surged nearly 39.4% over the past year already.

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