Fashion retailer The TJX Companies, Inc. (NYSE: TJX) announced financial results for the third quarter of 2024, reporting an increase in net sales and earnings.
Third-quarter sales increased to $13.3 billion from $12.2 billion in the corresponding period of last year. Overall comp store sales increased 6% and came in above the management’s expectations, driven primarily by strong customer traffic.
As a result, net income rose to $1.19 billion or $1.03 per share in the October quarter from $1.06 billion or $0.91 per share in the prior-year period. For the fourth quarter, the company continues to expect overall comparable store sales to be up 3% to 4%.
“We are strongly positioned as a shopping destination for gifts this holiday selling season and are convinced that our values and fresh shipments to our stores and online throughout the season will be a major draw again this year. Going forward, we continue to see excellent opportunities to grow sales and customer traffic, capture market share, and drive the profitability of our Company,” said TJX’s CEO Ernie Herrman.
The post TJX Companies (TJX) reports Q3 results. Here’s all you need to know first appeared on AlphaStreet.
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]