TJX’s Stock Dips as Same-Store Sales Fall Slightly Short

Dow Jones

21 May

TJX Cos.’s stock fell 1.9% in premarket trading on Wednesday after the retailer’s first-quarter same store sales of 3% fell slightly short of the FactSet consensus estimate of 3%.

First-quarter sales rose 5% to $13.1 billion, ahead of the analyst projection of $13.02 billion.

The store operator’s first-quarter profit $1 billion, or 92 cents a share, fell slightly from $1.07 billion, or 93 cents a share, in the year-ago quarter, but beat the analyst estimate of 91 cents a share.

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