TJX Companies Q2 sales beat estimates; stock gains on strong guidance

Off-price apparel retailer TJX Companies (TJX) reported an increase in profit for the second quarter, when a sharp growth in customer traffic lifted comparable store sales, surpassing analysts’ forecast. The company also revised up its full-year outlook, triggering a stock rally. Reported net income advanced to $740 million or $1.17 per share from $553 million … Continue reading TJX Companies Q2 sales beat estimates; stock gains on strong guidance